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Strategies & Market Trends : Booms, Busts, and Recoveries -- Ignore unavailable to you. Want to Upgrade?

To: smolejv@gmx.net who wrote (28014)	1/27/2003 4:56:45 PM
From: TobagoJack	Read Replies (2) \| Respond to of 74559

Hello DJ, <<maxpain on sept NEM at 27.5$>> I have been a follower of NEM for a number of years, and had intuitively figured on a 'max-pain' point each time I short naked puts and covered calls, although your pointer to the site is the first time I saw the concept done so simply, explicitly and clearly. Thanks much. I would be happy with a NEM At 27.5 on Sept expiration date, and should that be the case, I would be a seller of a new tranche of covered calls at USD 30 strike. I actually expect to be able to close out either the Call and/or the Put position before that date, either because the NEM price moved substantially or because volatility premium decreased. I worship volatility. So beautiful, symmetrical, and potentially profitable, because the masses are so confused. Speaking of the masses, I wonder what Maurice traded today :0? Chugs, Jay