Lisa,
***Intra-day trading***
I agree 100%, ever since our discussion back when you were beginning to trade the OEX and me looking at the premies etc..
My opinion is this.. manipluation occurs at the point where the S&P is trading, so if the S&P is at say 940, well the premies are messed at say between 935-950.. and I can see that and that is due to manipulation as you and I know..
My point here is this.. I lik the notion of fundamental trades, like TT did last week.. once you get out of that say 15 point spread there, the premies go back to normal.. meaning since they arent in current range, the supply and demand function resets itself and balance is acheived..
So, IMHO there are 2 things to do.. #1 trade right at current value, buy HOLD it..... wait until the dust settles and the position stabalizes, or #2 Trade in the money, the ones that arent manipulated and pay more, but have a better chance of not having MM's manipulate it. It seems the prudent move to me..
Comments???
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