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Strategies & Market Trends : The Options Box

QQQ 621.57

-0.3%

Nov 11 4:00 PM EST

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To: Poet who wrote (6937)	11/9/2000 2:48:53 PM
From: Jorj X Mckie	Read Replies (1) of 10876

Today I bought more of the common for AMCC and GLW and sold the Nov 65 AMCC puts. VIX is indicating a far more profitible situation selling options than buying them and I operate on the premise that you sell puts on a down day and sell calls on an up day. I believe that the market wants to go up, but has now priced in a Gore win. Any news now should have a positive effect. Of course, I have been wrong so many times recently that I wouldn't recommend anyone paying attention to what I write...except as a contrary indicator. Oh yeah, I like MLNM here.

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