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Strategies & Market Trends : Tech Stock Options

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To: Bart who wrote (19893)8/17/1997 4:10:00 PM
From: Hans   of 58727
 
Bart,

Remember the FOMC two (?) months ago? Rates were unchanged, and the market took off. The scenario would be market down or choppy till wed, market up sharply on the greenspan news, sillycon's load up on calls. (Then they settle the UPS strike to add fuel to the fire).

I'm looking at LEAPS now. Also considering buying more ITM options, as I've had some losses on the more speculative OTM ones.

My current targets:

KLIC 42, then go long looking for 50+ soon
INTC 90, looking for 100+ soon
AMD 35, looking for 50 by Jan
IBM 100, looking for 120+ by oct

Some people make Itchy and Scratch look like bosom buddies.

hans
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