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Strategies & Market Trends : Waiting for the big Kahuna

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To: William H Huebl who wrote (66585)10/9/2003 12:11:10 PM
From: James F. Hopkins  Read Replies (1) of 94695
 
I just went short QQQ; BUT it's called pissing in the soup..
as I got the OCT 35 calls.., it's based on the premise
that the stock is more volatile than the option..
and that I can time some short term stock moves
before ex date..

If I screw up I can only lose half of my option
cost..if I get the timing right I can play
it several times and make several times more than the
option cost me.

It's not like shorting naked and using stops that they can
pick off, the stop is built into the trade with the option.
Much more upside and I buy some puts to get the
Buy the dip trades ready, likely tomorrow or late
today.

I had some puts but dumped them first thing,
and will hopefully get em back cheaper..
PS
This only works when the VIX is low..
yet the stocks are wild.
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