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

To: MythMan who wrote (16342)	4/14/1998 12:59:00 PM
From: ratan lal	Respond to of 94695

Pete I think David's harpoon was not strong enough to grab the wahle. The whale jerked him off the boat and he is now missing at sea (the sea of EW charts) and will surface as soon as he grabs and anchor. ratan

To: MythMan who wrote (16342)	4/14/1998 1:18:00 PM
From: yard_man	Respond to of 94695

If he comes back here he might be. <g>

To: MythMan who wrote (16342)	4/14/1998 1:45:00 PM
From: James F. Hopkins	Read Replies (3) \| Respond to of 94695

Pete; Just checked XCIT, no puts worth a darn...took May 65 calls at 14-5/8 then went short at 78-3/8..calls cover rear on the upside at 79-5/8 ..premium =( 1 1/4 ) sold may 65 puts for $2 ...got a lay up of 3/4 pt to the good, which will cover commissions ..if she gets put to me that will close my short at 65 = 13 3/8 and then sell the calls back hopefully and likely for 4 or 5 ... ---------------------------- Had she had any puts at 80 I may have went for them.. I've hit xcit 2 times running now. Both for fast hits with this I must cover short before closing the calls as I never short naked , or use buy stops. ------------------------------ If she does go on up my calls can close the short at 79-5/8 no matter how high she goes..& the puts pay for the spread and commissions..my gain on the down side is limited but there is zero risk.. There is more than one way to skin a cat . Jim