BEFRIEND THE TREND Short-term Options Trading Thread Message Board

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Strategies & Market Trends : BEFRIEND THE TREND Short-term Options Trading Thread

QQQ 611.67

-1.9%

Nov 6 4:00 PM EST

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To: TraderWithNoName who wrote (3724)	6/25/2003 10:34:07 AM
From: Ken Adams	Read Replies (2) of 4058

I'm not in these but am watching the Jul495c. They could have been picked up earlier today at the 12 ask. Now, about an hour and a half later the bid has hit 12.20 with the OEX only moving about 2.59. So, it looks like the spread gets covered with very little movement. But the puts I held last week were the 475 with the OEX around 505. That spread was usually around 40c, sometimes only 20c. Think I'll stay with the OTMs. Also, you can forget the money. I got the big head after your advice and promptly lost a couple hun on the next 2 trades. This is clearly your fault and I'm talking to my lawyer about it.

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