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Strategies & Market Trends : Systems, Strategies and Resources for Trading Futures
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To: donald sew who wrote (5160)10/2/1998 9:30:00 AM
From: Tom Trader  Read Replies (1) of 44573
 
Thanks for the update, Don--appreciated as always

I am closing out the remaining short calls with the exception of the 490s this am -- preferably on weakness. Would like to sell some naked puts on weakness this am--taking advantage of the high premiums--in anticipation of a bounce. Am long the 470 puts--so I'll be protected to some extent. Am thinking of selling the 480s or 490s against it.

What would be very helpful to me is to know what key level if broken would minimize the likelihood of a bounce of any consequence in the near future. Any assistance in this regard would be very helpful to me.

Thanks
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