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

To: ajtj99 who wrote (43681)	5/30/2001 6:32:33 PM
From: ajtj99	Respond to of 56535

I am thinking about still going call side for a bounce, but I'm not real certain about it. We would have to have a serious reversal on some volume, and the SOXX would have to stay above 575 and the NDX around 1775. If we don't get a reversal on volume, I'll go put side for the rest of the run down. Call side may be slow lived if we don't punch through 2100 level with more volume. All in all, it is a bit of a risk, but I figure I can get QQQ June 47's at $1.00 or so and possibly sell for $1.50 at the top of the bounce if the COMPX gets to 2150 or so. If I don't get calls, I'll possibly look to get QQQ June 45 puts at a decent price.