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

To: Dealer who wrote (55897)	10/29/2002 10:33:53 PM
From: RR	Read Replies (1) \| Respond to of 65232

Hi Superwoman! I sold part of the SPX puts. Tried to cut the position a little bit. Still have quite a few. They are under water. They are Novembers, so time is running out. The ole market may try to hold up through the election, and now a lot of gurus are talking confidently of a rate cut, so I may not wait much longer, Dealer. You know my usual rule is, with options, when that position turns against you, get out. Don't wait. Lick your wounds, pick yourself up, dust yourself off, learn from it, and move on. But, as to the market overall, geez, I'm still scratching my head. Sounds like you are doing ok with the swing trades on SEBL. Congrats! RR