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Pastimes : Play It On Paper- Clappy's Newbie Option Thread -- Ignore unavailable to you. Want to Upgrade?

To: Clappy who wrote (113)	8/2/2000 5:17:08 PM
From: Clappy	Read Replies (1) \| Respond to of 176

Notes: I'm beginning to second guess the BRCD AUG 125 puts for 7/16. I notice that BRCD will probably have to fall a lot further to effect the price as much as some of the other strikes. We are only 3 weeks from expiration. I see the calls hold a lot of o.i. pressure at the 170 level and the puts hold a lot of open interest at the 160 level. I believe buying the 165 puts could have been my best bet with the time period getting closer to expir. I'm beginning to doubt that BRCD's stock price will drop 45 points between now an the 3rd week of August. I may trade my 125's for 165's which look more promising/realistic. -ClapOff P.S. I'm wondering when panic may set in or if investors have a thicker skin this time around... ...perhaps they will ride out the dip. ...or will the market tumble much further this time to cause the fear it needs to turn around strong... We'll see.