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Strategies & Market Trends : Pump's daily trading recs, emphasis on short selling
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To: mishedlo who wrote (2269)6/17/2001 7:40:44 PM
From: tuck   of 6873
 
mishedlo,

Sometimes when I want to short volatile stocks with options I will use put bear spreads to take the bite out of the huge time premium. Sometimes both legs of the spread can be played, but that's a nervy game that I try to avoid.

I haven't yet done this with HOMS, just shorted the stock or wrote naked calls. The 33 - 25 range seems to work very well, but I wonder if it'll ever get over 30 again now that Blodgett is backing off. Many are expecting a rally next week, and I don't expect it to last, so I reckon we'll get another chance to line up at the ATM, as Donny Brasco calls it.

FWIW

Cheers, Tuck
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