Win Lose or Draw : Be A Steve, Make A Call Message Board

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Strategies & Market Trends : Win Lose or Draw : Be A Steve, Make A Call

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To: Win-Lose-Draw who wrote (7077)	3/18/2003 11:52:00 AM
From: t2	Read Replies (2) of 11447

Can't believe FED will cut rates; I don't even think they will change the bias. My hunch is that even with a neutral bias, they will make a statement that they will still be ready to change their minds before the next meeting. They know it is the high oil price that is really hurting the real economy right now. To me this is an unusual expiration week and I am looking at max pain but going AGAINST it--with some some cheap calls. My reason is partly the low put/call yesterday and today when it is SUPPOSED to head to about 0.90 in ordinary expiration weeks. The other clue is the low VIX/VXN. All that tells me to go against the max pain approach this week.(with some cheap calls along with a bit in long stocks)

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