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Strategies & Market Trends : VOLTAIRE'S PORCH-MODERATED -- Ignore unavailable to you. Want to Upgrade?

To: DepyDog who wrote (1292)	9/14/2000 2:24:52 PM
From: RR	Read Replies (2) \| Respond to of 65232

Hi Depy: You are absolutely correct. Yes, I usually do consider the OI as a factor. Excellent point. The OI for those 70's is a couple of hundred, which is OK. Your 62.5 is 1100 or so, a lot more. I have not been stung by a low OI the way some folks claim can happen. I use OI as a tool to find the strike with the most action, of course, and oftentimes can get a better deal attracting a lower bid when I'm buying on those kind. I'd been watching both the Jan and Feb 70's. They seemed to be a reasonable buy. You did just fine with the 62.5 strike. Nothing wrong with those at all, consequently, if you accumulate anymore, I'd stay with the 62.5. You did just fine, Depy. Congrats! RR