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Strategies & Market Trends : Waiting for the big Kahuna

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To: tekgk who wrote (8111)	10/28/1997 6:22:00 PM
From: William H Huebl	Read Replies (3) of 94695

Hi Tekgk, I certainly agree about the volatility... something I stupidly ignored this morning: - COMS puts 7 points out of the money (15%) at 3/4. - COMS opened up at 37 a drop of 5. Here's the best part boys and girls... - I would have bought the puts at 3... - COMS went to over 46 last I checked... - those puts are probably worth 1/16th... Wheeeeooo - another bullet dodged... I should add a rule that says anytime the volatility is over 30, DON'T OPEN A NEW (option) POSITION!!! (And watch any you have VERY closely...) Regards, Bill

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