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Strategies & Market Trends : P&S and STO Death Blow's -- Ignore unavailable to you. Want to Upgrade?

To: jjstingray who wrote (3478)	7/15/2002 11:51:07 AM
From: ajtj99	Read Replies (1) \| Respond to of 30712

jj, I put a sell order in pre-market for my puts at what I believe they will be at NDX 952-955 or so. I think they might try to hold that level initially, do a 50% re-trace, and drop it again. If this plays out, I'll get more puts on the re-trace up, and wait for the drop after expiration to cash in. I had some DJX puts a few weeks ago that would have been a good double here had I held onto them. Instead I got whipsawed, as they were seriously down and July's.