Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Pastimes : Clown-Free Zone... sorry, no clowns allowed -- Ignore unavailable to you. Want to Upgrade?

To: yard_man who wrote (255988)	8/14/2003 10:29:18 PM
From: CapitalistHogg™	Respond to of 436258

Whatever-- this month I clean up. I think you should.... ....................../´¯/) ....................,/¯../ .................../..../ ............./´¯/'...'/´¯¯`·¸ ........../'/.../..../......./¨¯........('(...´...´.... ¯~/'...') .........\.................'...../ ..........''...\.......... _.·´ ............\..............( ..............\.............\

To: yard_man who wrote (255988)	8/14/2003 11:12:13 PM
From: KM	Read Replies (1) \| Respond to of 436258

Apropos to what you were saying earlier. This is from the RealMoney Pro site. Options guy. Thinking About Buying 08/14/03 10:15 AM EDT September looks like a classic 'short premium' month. Much like a stock that has a false breakout that quickly reverses, I'm wondering if the option market is experiencing a false breakdown. The September cycle sets up as a classic "short premium" month. It's a five-week cycle, there's a holiday weekend in the middle, earnings reports are few and far between, and warnings usually start in late September after expiration. It's so obvious that it's a safe time to sell "volatility," I'm starting to think it's right to buy sooner rather than later. I mentioned previously that I planned to tread water until the end of the month, then start buying more aggressively. I'm stepping up my time table given a few factors: 1. Open interest after August options expire is extremely low, a strong sign of capitulation, disinterest, and complacency, as far as hedging is concerned; 2. the option fire sale that usually takes place the week after expiration is already well in motion; and 3. the unrest in the bond market could easily spill over to the range bound stock market.