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Strategies & Market Trends : The Options Box
QQQ 619.43-0.2%Dec 30 4:00 PM EST

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To: SecularBull who wrote (9733)2/27/2001 4:20:31 PM
From: Poet  Read Replies (2) of 10876
 
Hi LOF,

I am trading very cautiously these days and feel much better being short than long, as that's the general market direction. It looks to me like NTAP has support at about $27, but it's been relatively weak, so when I do go long, I'd rather do it on a stock like BEAS, which is a bit stronger and currently closer to support. Toscano made a good point about the spike in volatility recently. Since it's so high now (and will be even more so if we get a sudden whoosh downward this week), I think selling premium via naked puts is a safer way to trade with options here than buying calls. What do you think? You've had plenty of experience.

PS: Yes, ITWO is one I'll be looking at as a pull sale candidate. Thanks for the mention.
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