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

To: Hobie1Kenobe who wrote (9594)	2/13/2001 7:15:21 PM
From: mishedlo	Read Replies (1) \| Respond to of 10876

Well, except for a few AMAT FEB strike 40's bought at 44 1/2 for 5/8, I am all in Mar expiry. Unloaded my Mar EMLX calls today for a small loss. Lost my ass on BRCD calls but did not expect a sector downgrade right when funds had to buy. Oh well. The idea was not bad, it just did not work (or so I tell myself). I am not long anything (other than worthless BRCD calls). We may or may not get a rally from here. AMAT and JDSU guidance was bad, and I believe SCMR lied (by not warning of slowing growth), but that is my opinion. From now until about a week before the next FED meeting, I am not holding any longs. Period. At that point a runup before the FOMC will be likely at which point the Greenspan PUT may again come into play. Greenspan PUT. Sell puts the day before he talks (or so). Buy puts the day he talks. Near perfect execution for me yesterday and today. Unloaded a ton of CIEN strike 80 PUTs at 71-73, bought back a bunch of strike 75's and 70's at 78 today. Unloaded EMC and CLS yesterday, reloaded today. NETE sucked so bad (I correctly thought) so I just held. Held IBM Puts (a mistake) why do people like this crap anyway, but it eventually came back down to 114 where I bought puts. I also held DOW Index puts over last 2 days(ouch - but they are APRIL) and just got back to my buy point at 11,000. Added more there today. The February massacre continues IMHO. M