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To: NOW who wrote (11900)	8/17/2000 5:43:36 PM
From: Alias Shrugged	Respond to of 436258

Why Dec puts? I am trying to leg into a credit spread (or if the put appreciates enough, sell it outright). I might try to buy the QQQ Dec 80 puts. When QQQ drops and reaches a short term bottom say at 86, I will sell the 86 puts. Would like to buy the 80s for say, 3.00 and sell the 86's for 8 or 9. This play takes time to develop; the Sep puts expire to soon. I am also trying to leg into credit spreads using calls. I have set up the call spreads already (and am anxious for NDX to head back down -gg-).