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Politics : High Tolerance Plasticity -- Ignore unavailable to you. Want to Upgrade?

To: Sweet Ol who wrote (6990)	8/24/2001 10:47:31 PM
From: que seria	Respond to of 23153

I have Jan and Feb puts on Toll Bros. and Lennar Homes, now just a little out of the money. One risk management technique I ought to use more often is to take premium cost off the table by selling some contracts (I haven't done so here) and let the rest ride, even to expiration, if the fundamentals and charts suggest there may be a large reward in letting it play out. I like weekly charts for puts expiring months away: Toll Bros: stockcharts.com[h,a]wbclyymy[pc14!c28!c200!i!f][vc60][iUb14!Lk14!La12,26,9!Lc20!Lg] and Lennar: stockcharts.com[h,a]wbclyymy[pc14!c28!c200!i!f][vc60][iUb14!Lk14!La12,26,9!Lc20!Lg] I haven't sold my puts because I think Lennar stalls out by 45 and Toll by 40, and the 200 day EMA comes into play for each by December. I agree with dabum that winning TA insight doesn't impose a trading vision on a chart, yet I take impressions, probabilities and buy/sell points from the charts based upon the trend I believe we are in. Right now that trend is a bear, but one temporarily sleeping off a big meal of beef. If builders rise, my next puts on them will be even farther out.