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

To: Nicole Bourgault who wrote (43519)5/25/2001 1:24:40 PM
From: LTK007  Respond to of 56535
 
well if i am right:) i would take loss.Post holidays often send market up.PaxMax



To: Nicole Bourgault who wrote (43519)5/25/2001 1:29:44 PM
From: ajtj99  Read Replies (2) | Respond to of 56535
 
Nicole, I just closed my puts, as I suspect there will be some short covering before the weekend. I made a little money (in at $1.50, out at $1.55), but I think I can re-position Tuesday at a much better price.

I see the 45's are $0.70 to $0.75. It's not a huge loss, and you may be able to buy back 46's for that money on Tuesday, meaning you'd be back even.


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