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Strategies & Market Trends : Trader J's Inner Circle -- Ignore unavailable to you. Want to Upgrade?

To: ajtj99 who wrote (43494)5/24/2001 11:20:39 PM
From: ajtj99  Respond to of 56537
 
I'm thinking of closing my QQQ June 48 puts at $1.50 if I can get it tomorrow. I expect an up day, and $1.50 on Friday equates to $1.20 on Tuesday with time factored in if the market stays the same. Without much volatility, it gets worse. It may be better to re-position, especially if futures get marked up nicely on Tuesday after an up day on Friday.

I may even take $1.40. We'll see.



To: ajtj99 who wrote (43494)5/24/2001 11:34:59 PM
From: LTK007  Respond to of 56537
 
funny i don't know any either(but i live in a tiny village in Maine:)--but i figure any who had been riding this since 1991 or earlier,were in the cat-bird seat,and it took a lot of selling to bring this down,so plenty were bailing. max


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