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Strategies & Market Trends : Ask DrBob -- Ignore unavailable to you. Want to Upgrade?

To: longdong_63 who wrote (1044)	8/22/2000 10:18:07 PM
From: pickypicky	Respond to of 100058

LD: I am sitting on the sidelines as well for all the reasons you have stated. I feel trampled and bruised. I can only hope that I am learning something here as some days I am too numb to know....LOL Good luck to you and know that you are very respected... picky

To: longdong_63 who wrote (1044)	8/22/2000 10:18:49 PM
From: stats77	Respond to of 100058

Long, I came to the same post labor day conclusion today. stats77

To: longdong_63 who wrote (1044)	8/22/2000 10:43:15 PM
From: the-phoenix	Read Replies (2) \| Respond to of 100058

long: You could naturally assume that I was respecting you by asking for your opinions, and just having a little fun with you. I hope that's all right. I also don't think you were being "cute" by playing the QQQs for a fall today, as a bonafide double top at key resistance, with a trendline and moving average break, was printed yesterday, on miserable breadth and volume, seemingly topping out what has been a very anemic rally over the past two weeks. What we perhaps failed to take into account was the volatility that we should have known would be associated with an FOMC announcement this afternoon. I, for one, see an even stronger case for the puts tomorrow. However, my questions were intended to be more general, i.e. - how do you usually choose your strikes? Do you usually select the ATM strike, or an even number that tends to have better liquidity, or use some other criteria to select your puts? I am very curious, because I have not been able to find much information on options day-trading strategies, and have been feeling my way by modeling different scenarios using a standard Black-Scholes pricing model. Thanks. The Phoenix \```> //