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Re: GLENO34 post# 43820

Monday, 03/10/2008 3:10:43 PM

Monday, March 10, 2008 3:10:43 PM

Post# of 388900
Gleno: Yep, since you asked, that's how I play it: I have already QQQ QS, bought at avg. = 2.78, now last = 4.2. Just sold QQQ ON (Mar 40 puts) for 44c each. If those get to be at the money on 03/20 (as we both hope), I make 44 c + the additional profit from the May 45 puts which I own. If we have a bear market rally, I sell them for a profit, and then …many other possibilities. Like. NM would say: “sell and buy dem suckers“.
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