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Wednesday, April 13, 2005


just bought ibm may 90 calls..just looking for a quick bounce here,nothing huge but vol is picking up nicely....a little bounce up withincreased vol could net a quick 50% return in these...also..keep positions fairly small in this one, its much,much shorterthan I usually trade.most of my otm option positions are july, augustand sepright now, thanks ,mostly to my short positions, Im up 23% ytd tradingthis way. as of todays close....the tmas started moving today jumping as high as .17...another move in vix like we saw today will be a timeto look to get long for the short term.....

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