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Strategies & Market Trends : Drillbits & Bottlerockets -- Ignore unavailable to you. Want to Upgrade?

To: Jorj X Mckie who wrote (10619)	5/10/2001 4:04:04 PM
From: John Pitera	Respond to of 15481

not sure what the max pain is for chkp. the charts on many of these high flying techs look like they are ready for movement this coming week. I have a ratio write straddle on chkp currently. I did something similar with VRSN I bought June 50 puts last friday, when the stock was at 58, when it fell to 53.50, I sold June 55 puts but on a 75% ratio , the trade had gone in my favor initially and so I was on the offer for the puts I sold. with that I can be on the bid and offer sides of two different series, and would make the most money with a real collapse.