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To: dennis michael patterson who wrote (23908)6/1/2000 12:25:00 PM
From: Gersh Avery  Read Replies (1) | Respond to of 42787
 
I keep the first stage just in case by hope is misplaced.

One variation on my pivot system was to put in a limit buy of the same option as in the first stage. Twice the number of contracts at half the price.

In that case I would already have 9 of the June 86 put contracts. The limit sell on them would then be 9 7/8 to hit the target of 75%.

My current model states that I can not enter the second stage unless the grand slam trigger has hit.

BTW If and when the "grand slam" triggers for me is when I'll be jumping in with real money.