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Pastimes : Clown-Free Zone... sorry, no clowns allowed

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To: Lucretius who wrote (66206)2/9/2001 5:46:35 PM
From: mishedlo  Read Replies (1) of 436258
 
i'm just watchin....

Can you please explain this term.
Does this mean you are on the sidelines or does it mean you are just holding the puts you already have.

What a great day to be in PUTs. I keep taking profits but these suckers are dropping so fast that I am back up to 50% PUTs without trying.

Added NETE PUTs today and closed out WEBM puts for a nice gain. I want to thank the person who mentioned NETE. Puts were cheap compared to RIMM. Nobody seems to know about NETE just yet.

EMC, CLS, RIMM and the DOW index puts were simply rocking today.

I also made a clown buy today. BRCD calls strike 80 for 1 1/4. It gets added to the Naz 100 on tuesday so I am rooting for a big advance on this one.

If we gap down huge on monday, as I hope, I just may close out all my puts and hope for an options expiry rally, to reload puts on FRI.

M
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