SPDR S&P 500 (SPY)

[Neutral Man]

FebOE Play-Book (more like DUP da-Boyz Book), for star-date 05-02-2008!?

Obviously we'll take advantage of the GAP Down and SELL Feb48 puts Short and for Two reasons, One - we own Feb47 puts Long and this protects us when selling Feb48 puts short, secondly -we'll TRAP da-boyz down at the S1, 44.22 and be printing money as price rises!

We'll continue to Take Profit as dats what we do - Take lotto profits, LOL!

Order to Sell to Open Feb48 puts at 4.00 (DOUBLE), this will give us a Quad at 3.475, COOL!

C'mon BOYZ, give us a GOOD GAP down and let us DUP your SorryAsskie, well, AGAIN, LOL!?

Date Open High Low Close
1-Feb 45.52 45.88 44.88 45.59
4-Feb 45.58 45.61 44.94 44.95
4cast
5-Feb 44.24 45.26 43.90 45.15

We expected a GAP down this morning and the Up action has reconfigured the 4cast indicating a range between 44.00 and 45.75 for the first couple days?

The FUN will come into play at the Close on Wednesday as CSCO reports after da-Bell and the Techno-Stocks have been getting dare Asskies kicked, OUCH!?

Good trades ALL,
nm