The Options Box

[Poet]

Hi DD.com,

It's great to get a little activity going over here. I appreciate your posting.

Yesterday was a good impulsive down, wasn't it? Did you buy any puts in the morning? I'm also pretty bearish for February through mid-April, but am going to hold off on buying too many puts until after this Friday, as it's options expiry and the market is more manipulated than usual during expiry week. This morning's futures jam is a good example, IMO.

At this point, I trade mostly OEX options, but I'd be happy to look at tech stocks with you. Also, I tend to go with front-month options and take my profits off the table every few days. This way, one can take advantage of the general sine-wave nature of market activity and not have to fork over all the extra time premium.