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Strategies & Market Trends : Selling Puts: Have Cash Will Travel -- Ignore unavailable to you. Want to Upgrade?

To: taxman who wrote (1010)	1/25/2000 11:25:00 AM
From: Jerry Olson	Read Replies (1) \| Respond to of 1235

taxman... actually i have found, and others have backtested this result...most stock "sell the news"..the percentage is above 75%... if the stock makes an anticipitory run up into earnings..i sell the day before...just put a list together of your own stuff, and watch them trade into the date...and then after...we have been trading this phenomonon quarterly like clockwork...for 2 years now.... fwiw..CSCO would be an excellent NP sell today at the Feb 95 strike..with excellent support at 98 & 93 on the P&F chart..their selling for $2.+++..nice.. snowing here in Philly..

To: taxman who wrote (1010)	1/25/2000 11:37:00 AM
From: David Lind	Read Replies (1) \| Respond to of 1235

RE: Earnings reports. A very interesting subject. As a position trader, I profited nicely from the runup before announcement, and playing the usual gap down after. But in terms of NPs, I would be fearful of holding over the report period and I've avoided it. To easy to get crushed these days with even a small miss. However, entering the trade on a nice gap down after the announcement makes sense. Anyone have comments on the subject? -David