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Strategies & Market Trends : TATRADER GIZZARD STUDY--Stocks 12.00 or Less..... -- Ignore unavailable to you. Want to Upgrade?

To: Rashid Garuba who wrote (28226)	3/11/2002 4:14:29 PM
From: SnowShredder	Read Replies (2) \| Respond to of 59879

Hi Rashid, The last week of options expiration, the premium basically goes to next to nil, so out of the money options are dirt cheap...so ones time frame must be VERY SHORT or you can lose the wad, or the spread is 50% of the value. I'm hoping they dip it tomorrow to shake some calls, and then run it into the expirations. Almost flipped my QLGC Mar50 puts (long @ 1.65) for a dime, but got distracted and da bell rang, so I'm holding til tomorrow. I shoulda kept on them JNPR calls, but was afraid of losing the wad due to option exp. Just shows that sometimes patience pays...bwdik? Best of Luck, SS