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

To: Patrick Slevin who wrote (6758)	10/19/1998 2:52:00 PM
From: Tom Trader	Read Replies (1) \| Respond to of 44573

Yeah--I am not gung ho about the trade I explained the rationale for it to GZ--looking for a pull-back to sell some naked puts. It is amusing in a way and shows you what can happen because when I sold calls early last week--I said to you that I thought it was a safe trade, since the odds of it biting me were rather slim since the OEX needed to get up to the 520 level before that would happen-- and lo and behold it got up there. Fortunately the buy signal, last Thursday, was the trigger to take protective action -- otherwise it could have been rather painful.