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Strategies & Market Trends : The Options Box
QQQ 610.54-0.5%Dec 15 4:00 PM EST

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To: tekboy who wrote (126)5/31/2000 12:27:00 AM
From: tekboy  Read Replies (2) of 10876
 
STOP THE PRESSES!

shocking news...first known sighting...an options trade that actually worked!

xsqlh, CTXS Dec 40 calls...
bought 5/10 for 12 3/4
sold 5/30 for 17 1/2

pre-tax gain: 37%
post-tax gain: oh, call it 20%

yes, I guess it can be done... :0)

P, should have listened to you and sold the day of the Fed meeting and made even more, but even that was a good lesson on sell discipline...

of course, one reason I closed it out now was to raise cash to buy some 03 Q LEAPS on the dip, which promptly ran away from my limit order, but such is life...

tekboy@wait,somethingIdidmademoney?gottabeamistake.com
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