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Strategies & Market Trends : The Options Box

QQQ 623.42

+0.9%

Jan 6 4:00 PM EST

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To: Poet who wrote (9730)	2/27/2001 3:21:00 PM
From: hobo	of 10876

My.. my... my.... If you look at the time and sales for NTAP They executed my calls @ 14:22 (I guess that is Eastern time) at that time NTAP printed a 32.5 as low.... Then.... at 2:23 and onward... NTAP shot up all the way to 33.4375 which remains and it seems it is trying to go higher... and the option went back up to 1.5 plus As I wrote this.... NTAP is sliding back down... Thanks for the question again !! it was a fun exercise to do this trade real time on SI... While doing all this, I was trying to buy back 1/2 my position on the QCOM calls (sold at 4.5, buying them back at 3.75)... and as I placed the order... they executed on ONE contract only (out 20)... and then QCOM shot up about 1/2 point (or so)... GRRRRRR... now QCOM is sliding back down... perhaps as I am writing this they will fill me .... They did... In @ 4.5 out @ 3.75 16.67 % Not a bad day.... The EMC short puts.... are not doinf too hot... (I may be interested in buying the underlying can't win them all. Oh ! look NTAP is falling !! oh well.. In 2 days I have gotten back almost all the spanking I got a week and a half ago.... but frankly, I would like to go back to the "position" trading I have been targeting... This day trading is fun but... you have to be glued to the screen. All right, I won't bitch any more -gg- edit: I am tempted to add to the emc put.... oops never mind the original trade was a 1.5 of a position so I better not. Edit 2: The difference between EMC and NTAP also is the p/e EMC is about 52 (still high, so I may not like it so much, but EMC seems to be the leader in data storage) NTAP has a p/e of 121 plus...

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