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Strategies & Market Trends : Playing the QQQQ with Terry and friends. -- Ignore unavailable to you. Want to Upgrade?

To: Walkingshadow who wrote (205)	5/18/2005 10:29:28 PM
From: Gush	Read Replies (1) \| Respond to of 4814

I always buy (in the money) calls/puts.. That keeps the spread honest. I like puts/calls that are between 3-6 weeks till expiration.. Payoff is good, and since most my trades are less than a week, and since I normally play it safe, it works out often. The $37.00 puts are no longer in the money... , but they should be when I exit :~) Let's not forget that Friday could be ALL RED. As long as I exit the puts before 4pm they won't expire or get exercised. I don't trade with Margin money. Strictly Buy to open, and SELL To close CALLS/PUTS... nothing else... Every FRIDAY HAS BEEN RED for sometime now. So I'm not going to give up hope on breaking even :~) But that's all I'm shooting for.. I will exit at even or with a loss. And yes, I like to be Reggie Jackson as much as possible :~) I normally leave myself 3 - 4 weeks before expiration... The more money I put down, the more time I give myself... I didn't blow my whole nut on the May puts...., just enough to roll the dice... I will no longer go short until the trend changes.. Thanks bud, GUSH