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Politics : Idea Of The Day -- Ignore unavailable to you. Want to Upgrade?

To: Jeff Jordan who wrote (28591)	9/3/1999 8:47:00 PM
From: IQBAL LATIF	Respond to of 50167

<<SXYUL SPX.X Sept 1360p 18/18.75 -27.25 -59.89% H/L 17/24 I may buy a few of these for a trade.... SXYUJ Sept1350p may be better? God..I had these @ 2!!!!!!!!!! They Hit 48!!!!!!!!!!!!!>> Now Jeff you are on the right track asking me the right questions, no I will not buy so close to the money for Sept, look at my post to you what did I say if 1362 is not taken out we have already made a dent and Tuesday may be another strong up day, so for me the best strike would be out of money very cheap around PPI and CPI release... Look I wrote that without DOT big move we will have a problem and we did go to 600 on the DOT so we are almost in a break out mode, here on break outs the trade should be long put only around failure of DOT at 600 or at 630 level, I would think that we may now see even 675 before retracement if numbers are in line and read my previous selection of articles on potential of internet. Now we can leave some 1330's long for Oct and wait for one down day, that will certainly come until Oct expiry but we need to see 1262 600 and 560 level alongwith the BKX index, so just keep your fingers cross, at a break of 1355 get in to 1330 oct not more than 1 or 2 contracts when we hit 1342 get out...now look at my posts you will notice that all my 1350's 1330's or 1310 were squared without too much delay if \|I had them today my poremiums would just disappear, unlike stocks these positions are trading and always use them as such make money out of them and keep your exposure very little..slow and steady build up but ask a lot of 'foolish' questions, all SPU traders are fools and if you are not one or do not have a potential to become one keep out....of options however I think you have that lets do it. and learn it and trade it......