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

To: Dealer who wrote (55991)	11/5/2002 9:17:44 PM
From: RR	Read Replies (1) \| Respond to of 65232

Hee, hee, hee...... RR (eom)

To: Dealer who wrote (55991)	11/5/2002 9:35:40 PM
From: RR	Respond to of 65232

Well, Dealer, I had a nice trade spotted the other day, but didn't execute. Monday I was watching the SPX Dec 925 puts. A bit expensive. They have a large swing, but SPX options usually do near the money. Anyway, I kept waiting, telling myself, "patience, patience, patience, stick with your plan." OK.... The chart never really looked like I wanted it to so I waited. I'd studied that SPX chart all Sunday evening, too. I started to buy them at $35. Was looking at 10 contracts, day trade. They went from like 43 down to 34 something as I recall, then back up to almost 45 by close. Well, of course, had I gone ahead and gotten them when they dipped to 35 like I considered, then closed that afternoon, that'd been pretty good grocery money for the month. Well, wudda, cudda, sudda, can't look back, but it illustrates again what great opportunities to make money there are every week in this market if you can assume the risk. Still waiting on that "killer put trade." RR