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Strategies & Market Trends : Steve's Channelling Thread -- Ignore unavailable to you. Want to Upgrade?

To: Zeev Hed who wrote (5152)	9/16/2000 11:04:48 AM
From: Mark Ivan	Read Replies (1) \| Respond to of 30051

Zeev, Thank you. I also expect a DCB Monday, which is why I only dumped half. I expected a little more short covering on Friday late though, so I am a bit worried we may gap down at the open. My problem is I play Max-pain with options, and am holding the Oct 65's. So time is not on my side. I do very good at writing options; I'm not good at holding them. I really hate holding them for more than a few days. If we open even or gap up, maybe I'll write the Oct 70's. That will protect most of the remaining value of the Oct 65's and I could pull a 5 pt + Oct 70's premium out of this, which would basically get me whole. Mark