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To: cthruu who wrote (1913)1/30/2000 3:38:00 PM
From: Poet  Read Replies (1) | Respond to of 8096
 
I love your thinking, Girish. We trade the same way. A question, though: After you buy back the Feb 120 calls you sold, why not buy DIM calls, thereby capturing more delta, rather than buying the 120's?

I'm going to be buying back my CC's on Monday, then buying Feb 110's for any rally, then flipping when QCOM's in the high 120's, selling more CC's.....



To: cthruu who wrote (1913)1/30/2000 7:14:00 PM
From: Bruce Ravelson  Read Replies (1) | Respond to of 8096
 
GP,
I was planning to write calls when I posted earlier today. Thanks for explaining what you're doing and the statement: You must not be touching such a trade if you do not have capability of monitoring intraday charts or you are not able to get out quickly if the trade goes against you. You also can not take this trade if you are working with limited capital.
I am not able to watch during the day, as I do everything after hours for the next day.

Now I'm looking to write some CC mid-week if we get any kind of a bounce here.

Thanks,
Bruce