Monday, March 06, 2006

1666, The Number of the Beast

NDX-100 is at 1666 as of this writing. We're selling call verticals and holding on to our long puts on the Q's.

I fully expect this move to be faded by gamma scalpers in the very short term but it does look real once the program pressure is gone. If the scalpers do come in, use the uptick to size up.

Stay on your toes.

Cheers,
/Dmitry

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