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Strategies & Market Trends : The Player's Club -- Ignore unavailable to you. Want to Upgrade?

To: Chip McVickar who wrote (5693)	2/11/2000 11:39:00 AM
From: GROUND ZERO™	Read Replies (1) \| Respond to of 11513

Chip, I see no change here, I'd still be short four June 1450 calls naked for 75K into the account, and still remain short the June 1450 puts... I would also be short the June contracts from 1449.90 on a stop and let the whole thing work... there is still a total of about 150K profit in the premiums with four on all sides... that would mean 150K profit on one trade between now and June provided that we continue lower at this point... adjustments would be made if we rallied..... that would turn 100K into 250K within four months... this is a position trade which would yield significant profits will little regard for the day to day ticks.. for a net long or short position, 150K profit would require the contract to move 600 points in that same time period, possible but not likely.....<g> GZ