Options Message Board - Msg: 13630977

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Strategies & Market Trends : Options

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To: Tom K. who wrote (7728)	5/8/2000 1:22:00 PM
From: PAL	of 8096

Tom: when there is a storm, stay inside, don't open the door since you'll only get debris coming in. wait for the windy days to stop, but be alert as to what opportunities will be there. i am staying away from may options, either from the long or short side. market too volatile. at the most i am just considering into shorting june80 or june75 puts on jdsu. premium is not that much, but there seems to have enough cushion plus i am willing to own the stock if assigned. right now the main objective is assets preservation and not having "boy i will miss that train" attitude. caveat: after taking a position, always be ready to take a small loss should the market turn against you. good luck paul

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