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Strategies & Market Trends : Tech Stock Options -- Ignore unavailable to you. Want to Upgrade?


To: Leland Charon who wrote (27005)10/27/1997 11:22:00 AM
From: Tom Trader  Read Replies (3) | Respond to of 58727
 
Hi Leland, re >>Just curious as to whether or not you are short the S&P's and or the bonds at the current time?

I stopped posting the trades since there did not seem to be any interest.

I am short the S& P futures and long the bonds; went short the futures last Friday -- did not get optimal entry because the futures opened limit down, but the position is now making a decent profit. Will look to go flat the futures when I have a 40 point gain.

Am also long the Nov 910 puts, from quite a while back -- but this is for protection against my long positions in equities.

>>How is your index trading program coming along?

It's working fine except for the losses that I took as I was whip-sawed back and forth, just before going short. Just have to stay with the system--and it works out in the long run.

Looks like we are headed to 7400 in short order