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

To: Jill who wrote (167)	5/11/2000 9:04:00 AM
From: Poet	Respond to of 10876

Aw, you know me: May. I'm looking to flip most of them today and want lots of leverage. Dying to know how things went last night....

To: Jill who wrote (167)	5/11/2000 9:15:00 AM
From: Lee Lichterman III	Read Replies (1) \| Respond to of 10876

I sent this to Jill last night and she thought I should pass it along although I have changed my mind a bit as of this mroning after doing some digging. >>I have to admit, I am considering shying away from the options and playing stock for the first time in years just in case I need the time factor on my side. I am fairly confident we will bounce but everything I want to trade has super high premiums and so I am shy about spending so much on LEAPS when I can get the stock and sell calls against it and come out better and safer.<< After writing that, I did some digging around and now with futures up it may have changed but at teh close yesterday, June QQQ calls deep in the money were selling for only 1-3 points Premium. Considering a bounce would rally teh QQQ up 5-10 points minimum I was going to grab a bunch of those. Unfortunately I was expecting a dip on teh open to buy and then the bounce. Here is to hoping for a head fake bounce, dip then the real bounce. <ggg> Good Luck, Lee