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Strategies & Market Trends : Stochastics -- Ignore unavailable to you. Want to Upgrade?

To: jjs_ynot who wrote (451)	4/3/1998 9:52:00 PM
From: Wayners	Read Replies (1) \| Respond to of 927

I've looked at WFC. Neutral trend, narrow bollinger bands and a buy signal today 4/3. Volatility is very low and is set to increase. Slightly longer term trend is up. Heck I'd buy calls on it myself on monday because I think its going to break upwards. Next stop is probably $350 on a breakout. A true breakout begins to occur just over $339. What did you do--write calls and buy puts with the call money or did you write out of the money puts and buy at the money puts with a net debit? Vertical call spread-sell out of the money calls and buy at the money or in the money calls? I guess it depends on what happens with the written calls.