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Strategies & Market Trends : Option Spreads, Credit my Debit -- Ignore unavailable to you. Want to Upgrade?

To: jjs_ynot who wrote (747)	6/5/1999 8:34:00 PM
From: dealmakr	Read Replies (1) \| Respond to of 2317

dave, I got caught long the 660 & 665 June OEX puts on Friday due to the last hours rally. Should have stopped out, but thought a late turn coming. finance.yahoo.com^OEX&d=1d Am now trying to figure out a hedging strategy on these puts. I did think that the T Bond boyz would try a nudge towards 6% prior to the weekend, but they fell short at a 5.975 high. AOL news last 1/2 hour brought in a lot of buyers. Will still be looking at a spread if warranted by risk. Max Pain as of 6/4 @ 660, but looking thin from 655-670. Probably some followthrough on Fri. run on Monday opening and will see what happens after. Good Trading dave