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Strategies & Market Trends : Trading the SPOOs with Patrick Slevin! -- Ignore unavailable to you. Want to Upgrade?


To: Nemer who wrote (96)6/30/1999 2:11:00 PM
From: Patrick Slevin  Read Replies (2) | Respond to of 7434
 
Well, what is going on is very typical.

Slamming back and forth to shake the tree. Your OCO may be a good idea, might not.

I would not be surprised to see 10 points each way

Matter of fact, I am Long and ready to add at 45 or lower and also ready to Sell the Long between 1357 and 1365 if it zips that high first, then add on the drop.

I don't think this type of action will lend itself to Mechanical Stops and whatnot....just my thoughts on it.