OPTION TRADING-30 DAYS OR LESS Message Board

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Strategies & Market Trends : OPTION TRADING-30 DAYS OR LESS

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To: wiley murray who wrote (24)	1/25/1997 12:40:00 AM
From: Thom Taylor	of 1986

Well I got 4 AOL 35 puts for $125 each and they are at 225 in 2 days. I also got BOST puts and UFS put. If the market goes down for another 3 to 5 days I'll be into some real good $ on all of them. The dow was above its upper trend line and was greatly due for profit taking. I think it will seek the lower trend line level at the 6500 to 6600 level then take off to the up side. We might experience a temporary 1 day bounce up or non drop down on Monday but then it should continue to seek those levels. Worth Magazine lists all three as stocks to avoid. Another plus for those puts. CA might not be so good if it doesn't drop on Monday. If it does continue downward though, it should speed down faster if it doesn't recover on Monday. TT

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