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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 (19024)12/9/2002 12:12:09 PM
From: Jeffrey S. Lillie  Read Replies (2) | Respond to of 30712
 
IMO we are at or near lows for this drop from last week. we should consolidate today with a move up possible for a few hours then a close at or near the lows wiht high probabliity (well over 85%)
j

i am going to sell half puts and buy the spx calls to play the bounce and still hang on to half. Puts more than doubled so its "free" money to play a bounve in calls



To: jjstingray who wrote (19024)12/9/2002 12:15:45 PM
From: LTK007  Read Replies (1) | Respond to of 30712
 
in terms of bigger wave up, is that in terms of more points needed to get to a specific target, or is the target also raised?? That broken blue line is that a target area?? Max