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


To: jef saunders who wrote (20519)6/16/1998 10:30:00 PM
From: joe smith  Read Replies (1) | Respond to of 94695
 
jef,

june 1190. they went as low as 7 ish and closed 26 by 28. i got in at 10 and sold 20 even. the overall range was over 20 points. very volitaile lately thats why i like it. it has been possible to make 60-200% a day for the last 5 or so trading days. i have done well averaging about 50-60% a day. this party wont last though. i think we are working our way back up for options expiration and then we can head lower.

i buy in the money puts and calls so the option moves as a decent percentage of the index. also, am trading the junes. havent looked at the july's yet, but i would assume they arent moving as much. will be looking at july's for puts to buy this week for next.

js