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Strategies & Market Trends : VOLTAIRE'S PORCH-MODERATED -- Ignore unavailable to you. Want to Upgrade?

To: Timetobuy who wrote (44153)11/11/2001 3:08:31 PM
From: RR  Read Replies (1) | Respond to of 65232
 
Hi Timetobuy: Bought puts instead of calls because:

- Naz had a nice run recently
- Gap to fill around 1750
- Naz at 100 dma and 5 times in past 6 months that has been turning point

The puts are Dec.
Won't take much pull back for me to take profit.
Pure speculation. Won't hold long.
I usually buy deep ITM calls, 4-6 months out.

Have a good Sunday holiday.

RR


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