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

To: SE who wrote (8665)	11/16/1998 2:27:00 PM
From: Tom Trader	Read Replies (1) \| Respond to of 44573

I hardly ever trade the long side of the OEX options but I must say that there is a side of me that feels that going long December OTM calls and OTM puts ahead of the FOMC meeting could work out. I suspect that if rates are lowered the market will rally big time and then sell-off either the same day or later in the week. If the rates are not changed we'll see a sharp sell-off and then a rally by next week. I am not nimble enough to do this sort of strategy but my sense is that it could work.