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khanitha, I'm with you. Bought two just before they hit 8.
-----Original Message-----
From: khanitha <charlie@xxxxxxxxxx>
To: RealTraders Discussion Group <realtraders@xxxxxxxxxxxxxx>
Date: Thursday, August 20, 1998 11:14 PM
Subject: where is everyone? oex update
>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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