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Strategies & Market Trends : The Options Box -- Ignore unavailable to you. Want to Upgrade?

To: hobo who wrote (9561)	2/11/2001 10:13:41 PM
From: mishedlo	Read Replies (2) \| Respond to of 10876

A big gap up will probably be sold and force us lower. That said, I simply wish I did not have the problem and sold everything that I listed, on Friday at the close. Selling PUTs in a rising market can get you screwed in a hurry. All that said, I am hedged in BRCD big time already. EMC and CLS (my two biggest PUT positions will not likely move very fast), but RIMM and CIEN (my next biggest positions) can get me screwed big time quite easily. All in all I am sitting pretty well but if we gap up, even though I think it may get sold, will give me a quick morning headache if I guess wrong. Anyone looking to buy the options I listed, wants a gap down not up, at any rate. I do not post what I do real time, as I need to concentrate. If the market gets quiet I may do a post or two during the day but that is it. PS. For anyone interested in photography, check out my web site at www.MichaelShedlock.com M