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Pastimes : The Naked Truth - Big Kahuna a Myth
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To: Zeev Hed who wrote (41926)5/20/1999 2:46:00 PM
From: IceShark  Read Replies (1) of 86076
 
Zeev, I pooted it, which was sort of dumb given the vol premiums. But it was a small position, although i see I'm much of the particular contract volume today, and I was mad that I didn't complete the final leg of my MU roll out. Bad reason to institute a position. -g- I want to buy poots on up days and was looking for 41 ish on POS1. So I wait for that one, which I suppose could come tomorrow. I have a sneaking suspicion it will close about 40 on expiry.

Anyway, I think RMBS is in for a very hard time and back down below 70 soon. Although, your scenario on POS1 makes me wonder what could happen. I think it will see 30 before it ever sees 80 again.
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