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In a message dated 2/1/00 12:28:02 PM Eastern Standard Time,
gary@xxxxxxxxxxxx writes:
<< Ben, I'm glad this is working for you, however, I am wondering
if there might've been a typo in your original description:
>>
Hi
Did you see my reply to Ira?
If you read it and still confused,, then i will answer specifically to you,,
my puts are from the beginning of the move up
and as price goes up and I add long positions the DISTANCE of puts
increases,,
however,,
only at roll time,, is when i am ALREADY sitting on a 25000-75000 profit
that is when i can take a 50-75 point protection (instead of 25),,
but i NORMALLY do not take more then my credit in money for risk
hope this helps
Ben
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