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


To: TradeOfTheDay who wrote (1301)6/4/2000 1:54:00 PM
From: RocketMan  Read Replies (2) | Respond to of 10876
 
If qcom opens up with the market (which I doubt), I would buy puts at market open. If qcom gaps down, I would wait for the 10-10:30 bounce back and then buy puts. The FUD from this latest news release is probably enough for it to retest 60, and if it breaks through that the next stop is 50, which would be a great place to go long.