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Strategies & Market Trends : Systems, Strategies and Resources for Trading Futures
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To: coug who wrote (5942)10/8/1998 3:35:00 PM
From: Tom Trader  Read Replies (2) of 44573
 
Hi Coug--you could be right

I am out of my short trade with about 5 points--had over 30 earlier

Also took action to protect my position in the OEX naked calls in case it rallies strongly -- by buying some way out of the money calls--the 490s--against the ones that I sold short. Still long the puts and will close them out or spread them on weakness. Basically on the OEX, Ia m now in a position where I cannot lose money--just a question of how much I end up making as I close out positions or let them expire.

Not sure whether I will short the futures again today; my sense is that we have seen the lows for the day.
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