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Strategies & Market Trends : Waiting for the big Kahuna -- Ignore unavailable to you. Want to Upgrade?

To: the options strategist who wrote (15924)4/9/1998 3:05:00 PM
From: Barbara Barry  Read Replies (1) | Respond to of 94695
 
Jen
IMHO...the May's are too pricey..you'll get another shot probably for that expiry later this month.The 530's are a gamble but with the volatility next week..be very nimble and don't leave your computer and you will o.k....I think.As I said I am waiting till closer to the close..what happens after 3:00 is very important to me.Glad I waited.
BB



To: the options strategist who wrote (15924)4/9/1998 3:06:00 PM
From: ratan lal  Read Replies (1) | Respond to of 94695
 
Jen

Not necessarily a bad play. If the BK comes and this market tanks, you will still make good money. Your only problem is that options expire next week with no trading tomorrow. So get out by Monday for sure to retain some of the premium if the market does not tank.

ratan


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