The Options Box Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : The Options Box

QQQ 623.52

+0.2%

Dec 3 4:00 PM EST

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: bonnuss_in_austin who wrote (7798)	12/1/2000 11:46:45 AM
From: Poet	Read Replies (1) of 10876

Hi Bonnie, I'm new to index trading, so there way be better ways to trade the Dow than this, but here's how I do it: I trade DJX(a/k/a the Dow Jones Index) calls and puts. I'll link you to the Dreyfus options chain to the DJX, but you'll have to refresh it when you want to place a trade: edreyfus.com Here's the put chain. The DJX is currently at about 104. It's Friday, so at this point unless I expect a BIG move on Monday (to the downside) I'd be looking at the January options. The Jan 104's (DJVMZ) have seen a fair amount of volume today, but when I look closely, I see the highest open interest on the Jan 100's (DJVMV), bidding at $1 13/16. That's probably where I'd look to buy. By doing so you're saying "I'm willing to place my money on the possibility that the Dow Index will be below 100 by the third Friday in January." Actually, this looks like a very nice trade, Bonnie!

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next