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Strategies & Market Trends : How To Write Covered Calls - An Ongoing Real Case Study! -- Ignore unavailable to you. Want to Upgrade?

To: jaytee who wrote (11571)	9/21/1999 9:04:00 PM
From: Herm	Read Replies (1) \| Respond to of 14162

McMillan likes to point out when the options are stacked on one side of the table it is a good contrarian indicator since the masses are usually wrong. That's when the reversals come. Yesterday, IFMX had one heck of a volume increase and still the big money was selling into the buying. Today, it dropped off as the last people to join the party yesterday got slammed. Selling long LEAPs as CCs would raise your war chest fund. You could buy PUTs or CALLs as sideshows to capture the movements using someone else's money in your account. Or, you could short against the box and it would not matter which way NOVL goes. You locked in the profit up and down.