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The short term 41 target was gone through like a hot knife through butter.
The longer term target of 37 in AOL seems to be holding and could provide a
bounce. Ira.
Gitanshu Buch wrote:
> Thanks Pete, read your email after sending a public thanks to everybody.
>
> Meantime, some interesting 25%+ roi covered call strategies are setup for
> those willing to take directional risk below breakeven point / above short
> strike and willing to be patient for the return.
>
> With AOL at $45, the Jan 2002 45 call is being bid $12.00.
>
> Implied vols are finally reverting to mean.
>
> Of course, there are other trades as well.
>
> Gitanshu
>
>
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