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In a message dated 2/3/00 11:15:27 AM Eastern Standard Time,
eadamy@xxxxxxxxxx writes:
<< Hi Ben,
Trying to get a feel for your option strategy by watching in real time
.. with SP at (rounding everything) 1425, Feb 1400 put at 15 and Mar
1525 call at 5 which would require a ratio of roughly 3 March calls to
cover cost of each February put. I believe you mentioned watching the 55
day ema which is just a couple of points above 1425. I'm watching last
sale prices on the options rather than calling the pit for live b/a but
the prices should be close enough. Assuming you were looking to enter
long, what would you be adjusting or would you write 3:1? Mar 1500 call
is 8 and 1475 call is 12-14.
Thank you. >>
Hello
perfect timing
i have been long 1 ND from 2500 and 1 from 2550 (the 50 and 55 hours
exp. m/a)
and also was long 1 SP from 1380 and 1 from 1385 (the 50 and 55 hours exp.
m/a)
but today i had buy stops into 1 more SP and 1 more ND (89 hours exp.
m/a) and 50 day and 55 day
so now TODAY at the close i sold 16 mach 1520 and collected 1625 for
each for a total of $26000
and bought 8 feb 1400 at 2650 each cost $21200
at this writing SP making new hi 1437.50
but i am VERY Leary about tomorrow and happy i locked my profits
tomorrow my be buy stopped into another nyfe??
hope this helps
Ben
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