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Strategies & Market Trends : Waiting for the big Kahuna

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To: the options strategist who wrote (15909)4/9/1998 2:26:00 PM
From: ViperChick Secret Agent 006.9  Read Replies (1) of 94695
 
jen

I dont really think this is a BK...this is just a correction.....

however, keep in mind the money flow of the SPX....and watch Kevins updates on TSO for that

you got in near the high.....so you should do well...but if we sell off...you might want to make this a day trade and start all over Monday....

the only thing you will miss is a gap down...and it will protect your profits against a gap up AND the stripping of the premium....
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