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Strategies & Market Trends : Waiting for the big Kahuna
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To: ig who wrote (60782)11/11/2002 4:10:10 PM
From: ig   of 94695
 
Sold the last of puts today for .75.

Frankly, I expected the Dow to fall farther, sooner. Thought we'd see a -300 day immediately post-election -- say, on Thursday or Friday. If we had gotten this drop all at once, the way I expected, then my puts would have paid off much better last week.

But now the Dow is coming into support on low volume, so I'm looking for a bounce over the next few days. I'll be looking at DIA December puts at the top of that bounce.

(I still have my DIA Jun 64 puts.)

ig
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