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Strategies & Market Trends : Sharck Soup

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To: velociraptor_ who wrote (16731)	4/18/2001 11:30:15 AM
From: Rambi	Read Replies (2) of 37746

V, This morning I bought some SPX calls for 14.5 at the open to hedge those puts...I was trying to make a point or two on them and suddenly the screen went insane!! I thought something had gone wrong electronically or maybe someone had bombed Wall Street. The calls were up to 30! I sold!! More than paid for the puts which I can now hold til May and hope they come back. Maybe I should have held those calls, but I was shaking all over! Didn;t know WHAT to do! Now I am going to go have the nervous breakdown I delayed while I sold.

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