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: Steve Robinett who wrote (25)	5/18/1998 5:18:00 PM
From: the options strategist	Read Replies (2) \| Respond to of 94

<Those June 535 puts closed at 11-1/8 bid 11-1/4 ask. With a perfect play--bought them right & sold them right-> Steve, what I'm saying is you could have made a point but if this is with buying today at the open when oex was around 538 and the dow was up and selling when the dow was at it lowest with oex 3 points or so down. that's a lot of move to make a point. see what I'm saying? I'm trying to figure the best way to play the oex on very short term. I like what you did. Let me know how it goes. I'd think you the rally would have to be quite high to make money with that far out of the money. I'm going to paper trade that tomorrow and see what happens.