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Strategies & Market Trends : The Options Box

QQQ 617.17

-0.3%

4:00 PM EST

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To: Poet who wrote (9425)	2/5/2001 9:36:01 AM
From: hobo	Read Replies (1) of 10876

Good morning Poet... I am watching CSCO... I am a little concern as of thursday I had sold QQQ calls, bought them back them on Friday mid morning or so...then waited to see what the market would do... I waited, and thought it would go up, so I sold puts.... and then it went the wrong way -GG-. I decided to keep them over the weekend.... so I may be with a sore butt later on... I also sold puts (Feb) on SUNW however I am short calls on SUNW too (diff month). So all the good I did on January, may be getting unsettled here. otoh.... i did all this due to the Fed being aggressive on the interest rate front.... we will see soon.... that is... if you still have power... I hope the storm is a mere false warning. we will be checking out for you.

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