Option Investor
Market Wrap

Jim's Plays for 04/09/2000

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Stock Strike/Premium/Friday
EBAY 200 - 54.97 - 26.00
AMAT  95 - 10.00 -  1.06 did not sell deep enough!
AMCC 160 - 58.13 - 25.50
EMC  130 - 16.09 -  1.50
QCOM 160 - 30.08 - 13.75
DISH  80 - 19.25 - 10.13
SUNW 100 - 22.25 -  6.38
TERN 210 - 40.35 - 39.00
ARBA 125 - 26.57 - 25.25
EXDS 150 - 50.00 - 16.13

I added these on Wednesday morning

ITWO 130 - 32.81 - 10.38
PMCS 210 - 45.81 - 27.38
VIGN 200 - 42.00 - 19.38

As I stated in the market wrap above I closed all of them way too early on the Nasdaq dip on Thursday. Had I kept them I could have doubled my profits. Hindsight is 20:20 unfortunately. If I can ever get my foresight to 20:20 I will raise the price on the newsletter and it will still be worth it!

This week I am going to try my hardest to follow the market. If it looks like we are going to roll over I am going to sell calls on high priced stocks that have announced earnings already, buy puts on the QQQ and the OEX. If the market appears to be moving up I may try to leg into some call spreads for free so I can capture some upside with zero downside.

I am not going to sell naked puts because of the possibility of a dip by April 17th.

This week may try the patience of Job but I am determined not to give back a large chunk of my profit trying to force trades.

Good Luck

Jim

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