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

To: Kevin who wrote (27441)	10/30/1997 9:22:00 AM
From: Jay k.	Read Replies (1) \| Respond to of 58727

Good Morning Looks like a gap down this morning. Whats the symbol for the cheapest put in the oex? Wonder if this is another reversal type of day gap down then move up strongly toward the middle then close flat for the day. Thanks for the pivot trading indicator. I'm wondering if the trend hasn't changed sometime ago. We seems to be drifting down for last month. We have the HK asia problems and now we have Iraq rattling the market in the middle east. B/regards

To: Kevin who wrote (27441)	10/30/1997 11:41:00 AM
From: kajtek	Read Replies (1) \| Respond to of 58727

Kevin Thanks for your formula. I put it in my Excel an now I can calculate is as well. I have a question how strictly you follow it. You said that if SPX breaks below 910 you buy puts. Do you do it right away or you wait few minutes or look at some other things. I noted today that SPX broke down 910 but then reversed quickly then broke down again and again quickly reversed. How do you do in such situation. I understand that there is no perfect trading formula but I am interested how it is done by smart people. I will experiment with your formula and apply it to stocks and paper trade to see how it works. Finally remember to have a good freezer specially if somebody steps on you. You have my support.