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

To: Junkyardawg who wrote (34)	5/24/1998 8:52:00 PM
From: Leland Charon	Read Replies (3) \| Respond to of 94

Hi all, Has anyone here ever traded the OEX using the DOW as their primary indicator? It seems to work very well. When I buy puts I buy when the DOW hits a resistance point thus avoiding paying the big premium. Conversely, I buy calls when the Dow is going down and hits a support level. This is a great way to play the OEX as you take great advantage of the premiums. You buy the puts or calls when the premiums are low and sell them when the premiums are high. I subscribe to a service that supplies excellent support and resistance levels for the DOW. Leland