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Strategies & Market Trends : Options -- Ignore unavailable to you. Want to Upgrade?

To: edamo who wrote (731)	1/6/2000 11:47:00 AM
From: Poet	Read Replies (1) \| Respond to of 8096

You are SO right, ed. Unfortunately for me, I did a lot of discount shopping yesterday, so I don't have as much ammunition today as I'd like. My broker never received my application to upgrade my options level to writing puts, so I'm sitting on my hands. What have you been doing today?

To: edamo who wrote (731)	1/6/2000 11:57:00 AM
From: SecularBull	Respond to of 8096

BLUE LIGHT SPECIAL on WCOM! All longs buy leaps now!

To: edamo who wrote (731)	1/6/2000 12:13:00 PM
From: PAL	Read Replies (1) \| Respond to of 8096

tell ya what i notice, on down days, which are days of "option opportunity", be it for a call buy or put sell, the thread is a bit quiet... hi ed ... amazing isn't it? when there is a blue light special, people run away. why? the answer is that during a bull run people are almost fully invested in the market and not be prepared for the unexpected. when the market heads south, they find that they don't have buying power, or even getting margin call. a good article in recent ibd about put/call ratio, which should be used as one indicator for the market's direction. well ed, i will jumping in market again next week since my main account is currently frozen (good thing). i do expect the downdraft continues tomorrow with a slight sunshine starting monday. best regards paul