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Strategies & Market Trends : MDA - Market Direction Analysis -- Ignore unavailable to you. Want to Upgrade?


To: donald sew who wrote (4518)1/22/1999 11:33:00 AM
From: James F. Hopkins  Respond to of 99985
 
Donald; I never looked at options on the DOW, I know the
premos on the SPX and OEX are silly, and the specialist skew
them all the time..but the dow I didn't look at.
I like a few seenky options from time to time, ones most people
would think are nuts. ( leaps ) But all and all I'm not much on
them. KO yr 2000 is starting to look good. ( deep in the money
calls ) or writing at the money puts.
She is still falling but when she stops I may jump on some of
them, ( likely sell a few puts ) & use that towards some
calls when she starts up. The spread is neat, you get about
12% on the puts, and pay about 5% on the calls.
I guess they think she will not go up by 2000..hmmm
I think they are wrong. (but I do want to see her stop
sliding first ) Got my eye on her.
Jim,



To: donald sew who wrote (4518)1/22/1999 11:36:00 AM
From: Les H  Read Replies (1) | Respond to of 99985
 
At the low, Dow came within 1 point of the prior week's reaction low on Brazil news.