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Politics : Idea Of The Day

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To: Bart who wrote (8546)	8/29/1997 3:53:00 PM
From: Mark	of 50167

Bart: here's an interesting play, I've been watching for drops in bonds at 3:00 followed by volume selling off dow. When this happens, I buy IBM puts, nearest term otm and selling them at the end of the day. So far, I've made 20%-30% on them. I don't have any confidence in this and only trade about 10 contracts just to "fish" and don't stay in overnight. Today I just bought (10 mins ago) Sep100's at 2 3/4 & will see how it turns out. Caveat emptor in a big way. mark

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