Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : John Pitera's Market Laboratory -- Ignore unavailable to you. Want to Upgrade?

To: GROUND ZERO™ who wrote (1685)	5/23/2000 7:05:00 AM
From: John Pitera	Read Replies (2) \| Respond to of 33421

I see the June 1420's closed @ 26.00 yesterday. cme.com The SPX closed above it's 200 DMA again, what a congested market. I've been pretty happy with Mike and my scenario's of the past three weeks were we're in a trading range after the April 14th lows and the option writers have been capturing premium, on out of the money puts and calls. The Sept Fed funds futures have rallied the past two days especially yesterday. The Quarterly banking report was interesting yesterday 56% of banks report fewer mortgage applications in the latest trailing Quarter. John passing thought....how about short a sept SPU0 contract and write an at the money put. and buy a June SPM0 and write an at the Money call?