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Strategies & Market Trends : Tech Stock Options

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To: Kevin who wrote (20116)8/19/1997 7:26:00 PM
From: Hans   of 58727
 
Kevin, welcome back.

I declined to board, as the word "titanic" kept floating thru my cerebrum. (but i'm rooting for the boat. i'd hate to see all my cybercomrades go down at the same time).

After horrid aug losses, where I held mondo ITM calls for 9 days and watched them expire worthless, sep is looking up.

Last week bought calls: sep SEG 47s, oct IBM 120s, oct INTC 115s

This morning bought calls: INTC sep 105s, KLIC Jan 40s, AMD Jan 60s

Still holding KLIC sep 45s.

My scenario came to pass: strike settled, rates unchanged, market rallying. Let it continue for a few weeks<g>.

hans
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