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Strategies & Market Trends : Trading the SPOOs with Patrick Slevin! -- Ignore unavailable to you. Want to Upgrade?

To: Gersh Avery who wrote (6271)	8/14/2000 9:24:35 AM
From: Patrick Slevin	Read Replies (1) \| Respond to of 7434

Yes, I recall even as a boy the prevailing wisdom was that the gall bladder was unnecessary. Confusing, because dependant on your orientation that means either Nature goofed or God did. <Interesting to note that there just might be a good reason for it to be in the body> It's not as if the body is a stock car that we are trying to transform into a Daytona racer. I know of Lipitor, or Lipitur, however it is spelled. A friend is on it following a heart attack. His cholesterol dropped so rapidly after a short time he had to build it back up. Typical Options Trader; he burned up the premium on the cholesterol options he wrote so quickly he is buying them back in for a profit I suppose. <the actual roll over would move the two contracts away from each other > I'm still not "there" with your point, maybe because I'm not all there at all. I noticed yesterday at the bar I wasn't "with it" much with guys I can usually keep up with. Seems that it difficult to juggle different concepts simultaneously. What strikes me is that when you are looking at O.I. it represents an equal quantity of people who are Long with the same quantity that are Short so a roll would not have the pressure that you suggest except.... ....Except for arb plays, usually late in the day dependant on where the market is and with the force of O.I. on the OEX/SPX P/C O.I. leveraging the action somewhat. Anopther thing I would like to check is the COT but my brain is so fried I do not even recall if that came out COB last Friday or COB this coming Friday. ---------------------- The Moodies were in Jersey last month, no luck on my end either. My wife is tied up with med problems in her family and is unavailable much of the time for activities like that. Checking my systems nothing seems great this morning, but I would like to take in the US0U at 99^11 with a stop based on a DWA PnF Chart I was just looking at, 98^08. On the SP system the best thing I can say is that it is marginally bullish with a suggested buy around the low 1470s. Eh. I'm staying away from that one. Daytrading is still a ways away. Have not even set that computer back up since I returned, so it's database is a week and a half out of date.