Waiting for the big Kahuna Message Board

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Strategies & Market Trends : Waiting for the big Kahuna

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To: William H Huebl who wrote (8896)	11/1/1997 9:36:00 PM
From: Ed Pittman	Read Replies (1) of 94695

Bill What you have stated is my plan B. Plan a is I'm in puts now over the weekend..I'm looking for some event..to take this market down on Monday. If I don't get that move down early..I sell out of my positon and re enter on that failing rally you are talking about...I don't think its over by a long shot. Did you see the premium in the puts on the oex...If you go out of the money by 110 points they still want $ 6+ for them.. If you go out of the money on the calls the same.its 5/16..That's why I had to buy puts on stocks..If they pull the switch and take it up on Monday, those puts are going to get cheaper.. I have a change in trend in the Dec. S&P on Nov. 18.. Good luck with your trades. Ed

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