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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 (14252)1/31/1999 3:26:00 PM
From: Brian Hornby  Read Replies (2) | Respond to of 44573
 
I'll make it up Monday by shorting puts into the crowd

Be careful of those naked puts! <g> BTW I more or less covered my Feb naked put position Friday by buying a cheap put 50 pts closer to the money. A spike down early next week may bring premiums up to profit from writing February puts, but right now they are pretty cheap, unless you want to be very close to the money. Also early last week I wrote both OTM puts and calls on the bonds, both are profitable right now. You were right early last week when you predicted they will run the market back down after the firt run up, then up again. I feel we will see another push down before we get much through February, pressuring any put writers near the money.

p.s. I just purchased Profit Professional, so I am going to add my voice to those annoying traditional analysts with daily comments on what my nets are catching or whatever. I'll start playing with it next week. I note they have examples using some of the things I was going to throw into the soup, such as put/call ratio and A/D. I likely will start simple though to get a feeling what is going on. I definately will do a US bond analysis.