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To: yard_man who wrote (230663)3/24/2003 1:40:42 PM
From: CapitalistHogg™  Respond to of 436258
 
< I suspect there are limits> One would think so. Either way if the implied volatility gets too high I'm selling options and if it gets to low I'm buying. Nowdays I could care less about direction so long as I'm completely hedged. Variations on butterflys (short, long etc.) seems to be the ways to go. I have HAD IT with trying to nail direction at "support or resistance". So unless my favorite indicator (VIX) hits 50 I will not try to outguess the direction.