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Strategies & Market Trends : The OEX... gasp!
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To: Kent Reeves who wrote (27)7/25/1996 9:04:00 PM
From: Joel Brussell   of 658
 
kent-
There is a large potential bottom formation in place. We would need to get over 615.
The problem (always something) is the time decay on the out of the money calls. For instance if one was to pick off yesterdays bottom and sell at today's high on 610 calls, you'd only make 2.5 points. That's ridiculous.
Yes the answer is to buy in the money, I'm not sure I have that faith at this point in that I still expect a violent downdarft within the next thirty days.
I'm on the sidelines.
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