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

To: Nicole Bourgault who wrote (44954)	7/18/2001 1:22:47 PM
From: ajtj99	Read Replies (1) \| Respond to of 56532

The NDX hit 1664, so I closed my August 43 puts at 3.00 (in at 2.35). I'm looking to re-position my puts either tomorrow on a big spike up or Friday on expiration. I hope to get the same ones for $2.25 or so. I'm going puts for the next 2-weeks, or until the NDX gets to the 1500-1530 range (around 1850 COMPX). After that I expect a bounce, so I'll get some calls. After that bounce, I'll go put side again until expiration in August. I believe we'll see the QQQ at 35-36 by Expiration in August.