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Strategies & Market Trends : The Options Box
QQQ 608.89+0.6%Nov 25 4:00 PM EST

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To: Poet who wrote (9787)2/28/2001 4:14:40 PM
From: hobo  Read Replies (1) of 10876
 
Wheuu...

Another great day .. I lost count how many times I went in and out of QCOM... I am glad I keep track with the 2nd. computer entering every trade as I go....

ADBE gave ma a scare as I have sold a chunk of puts on that one... and for a while it looked like a kamikazee aimed at my position... so I was watching with one eye that one.... All of a sudden, ADBE inthe last 1.5 hour or so it went up 2.5 points... so we are back to way safe territory (strike price is 25).

NTAP.. I wanted to play a shhort strangle on it (short put and short call), since I feel the premiums on that one seem to be high due to its volatility... unfortunately, I was busy all day with QCOM and its calls

EMC also had me worried for a while, then it recoup.. on this one I am tempted to add.... but I better not, since it could feasible fall, --we don't want that. I like EMC so I may be put on @ 40 in mid March... lots of time still, and premiums seem good so, .... on a spike I may even sell some April calls @ 50 too early to tell.

QCOM... my, my... it is almost like a printing machine... but keeping an eye on it it is very explosive.... At times I have to put the price ahead of the market, otherwise, I am left standing & watching the train get away from me like a provincial bride. --gg--

I can't deny I love this. But I cannot even get up to go eat for the entire period. (unless I close all active positions, of course). So far, it has paid off....

Spanking last week ? what spanking ? -GGG-
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