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Strategies & Market Trends : S&P Index Futures (Daytrading SP)

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To: Jay Baca who wrote (201)2/6/1998 6:16:00 AM
From: ratan lal   of 350
 
Jay

Been awake all night due to Jet lag. S&P is at 1012.00. I have a CALL spread of short 1020/ long 1030 for a credit of 2.

I am trying to decide if I should SELL my 1030 if S&P reaches 1020 hoping for a breakdown in the afternoon like yesterday or play it safe and keep the spread.

I may also SELL S&P if it reaches 1020 early in the day.

All opinions appreciated.

ratan
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