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: jef saunders who wrote (59)	6/3/1998 7:39:00 PM
From: Aaron Weiss	Read Replies (2) \| Respond to of 94

That's interesting, I just got stopped into some OEWRH's (OEX June 540 Puts) at 20! I didn't expect the OEX to print a new short-term low at 522.46, but since it did I figure it has the potential to go lower still. The general market looks like it's getting tired and needs a cathartic correction.

To: jef saunders who wrote (59)	6/4/1998 10:39:00 AM
From: Steve Robinett	Respond to of 94

Jef, <<i sold my oex puts today. >> Looks like a good move to me. Historical volatility on the OEX has bottomed out and is rising slightly, typically a sign the market is beginning to move up a bit and as of five minutes ago the OEX implied volatility as expressed in the VIX was two standard deviations above its 22 day moving average, a relatively high reading. Taken together they indicate a higher probability of a rally than a further decline. Good luck with the trade, -Steve