Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : DayTrading the OEX -- Ignore unavailable to you. Want to Upgrade?

To: the options strategist who wrote (24)	5/18/1998 4:49:00 PM
From: Steve Robinett	Read Replies (1) \| Respond to of 94

Jen, Those June 535 puts closed at 11-1/8 bid 11-1/4 ask. With a perfect play--bought them right & sold them right--you could have picked up about a point, but you're right it was a little difficult to make money today. I bought some way out of the money June calls (560) today at more or less the day's low. I figure 5 or so OEX points tomorrow on a relief rally over the Fed (though the rally may come ahead of any Fed announcement), might be worth a couple of points. Best, -Steve