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Alias Born 07/07/2002

Re: mish post# 717

Monday, 07/08/2002 5:29:44 PM

Monday, July 08, 2002 5:29:44 PM

Post# of 704019
They took a lot of premium iot of options since last WED. You can make some real money if you had clue which way market was going. That's why next 2 weeks will be pretty flat IMO. On the next 1-2% down, you will be hard pressed to beat the spread before they take it back up to today's open. Good luck

I got mostly short JUL Calls decaying away as long as market does run away upwards and I am going to hedge with AUG short PUTs taking every last dollar in time premium as they are offering since there isn't much tme premium on JUL PUTs to warrant it.

Then I will have enough cushion to deal with downturn and always got ability to write AUG calls if they move prices up.

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