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Strategies & Market Trends : Systems, Strategies and Resources for Trading Futures -- Ignore unavailable to you. Want to Upgrade?

To: TradeOfTheDay who wrote (6119)	10/12/1998 12:22:00 PM
From: Tom Trader	Respond to of 44573

Bev--I fully expect that we will take it out before the day is done With the decline in the VIX--my limit order on the OEX Nov 495 will not work -- so I have cancelled that and switched to the 500 strike with a little less premium -- placed a limit order on that to sell the first batch of calls. Let's see if they want to give it to me. We could have a couple of days of continued strength if we close strong today what with short covering and so on. If Coug's scenario comes about then who knows how high it could go before the week is out. But I suspect that it will top out by mid-week.