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Hi all,
like i stated the other day, i now have 4, 515 sep oex puts at 7, now worth
around 8.
well tomorrow, when the office opens at 5 a.m. hawaii, 11 am e.s.t. i will
deposit enough to buy my 5th 515 put at anyprice, 6,7,8,9 who cares,
whatever it is when i get there. WHY? because i feel we are going to 450
or lower before sep 18th, which translates into atleast "65" points in the
money times only 5 options, do the math!
ya, i'm probably too early/impatient and the time value will kick my butt a
little if we sit here for a while. it's a chance i'll take. "maybe" over
the weekend russia, asia, latin america gets worse. transportations keep
going down, and won't it be fun when the dow, and other indexes take out
last weeks lows, and CLOSE below the 200 day ma,
3rd wave, whatever. I just have a good feeling and i will not ignore that
"feeling".
Hey, last october i shorted at 917 and the next morning we were at 840 in
the spooz.
imagine if that margin was in oex puts instead, if "bet" it would of made
more money.
why have i ignored these "stock" options, and dedicated myself solely to
futures?
oh, and no margin call. these 5 oex puts i will have, even if i'm dead
wrong and they expire worthless, so what. i remember losing that amount
day trading the spooz in about 1 or 2 minutes, on MANY occasions !!! ah,
the good old days.
compare and contrast, it's a hell of a lot less stressful!!!
any comments.........
gary
hawaii
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