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To: RR who wrote (19357)	5/19/2000 1:01:00 AM
From: lurqer	Respond to of 35685

assuming of course one follows the underlying sufficient enough to get an idea of its extremes. I don't make true option plays where one is exploiting anomalies in the series. I make either stock or index plays, using options for leverage. So yes I believe in knowing the behavior of the underlying very well. It's the only "edge" I've got. I'd place the order which sometimes would be way out of line with the bid/ask but it would eventually hit on an intraday swing. Yes I've done that. Of course it's frustrating to watch the underlying change significantly and the options just "sit there". Still hanging around.. lurqer