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jdaasoc

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jdaasoc

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Re: ajtj99 post# 116142

Tuesday, 03/11/2008 8:34:31 PM

Tuesday, March 11, 2008 8:34:31 PM

Post# of 148479
You bet

At 3:30 PM yesterday, I was looking ay long S&P calls. With only 9 trading days and normally about a 1 premium a day, I thought I could get 1275 calls for about 20 when market was at 1286 but they wanted about 31. Nothing is normal about this market anymore.


I wasn't in the mood for 20 pts premium with a ropey market and I didn't pull the trigger. option closed today at 54 so I would have only captured 40% of the move today.

That is why I like naked options instead.
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