Option Spreads, Credit my Debit Message Board

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Strategies & Market Trends : Option Spreads, Credit my Debit

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To: jjs_ynot who wrote (1293)	3/27/2000 6:51:00 PM
From: GROUND ZERO™	Read Replies (2) of 2317

So, this morning I put my buy stop to go long the contracts at 1555 stop... the previous close was 1555.40 and I figured that if we went plus on the day, we'll rally... for some remarkable reason, the market ticked higher and the high came to 1554.30 and my stop was never touched... thank God, because the market then fell to 1537 and closed around there.... wheew!!! had I been stopped long, I would had to have placed a sell stop to exit at around 1549.50 and I would had to have given up 6.5 points of my 121 points in premiums.... lucky day for me..... GZ

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