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Strategies & Market Trends : Tech Stock Options
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To: Constant Reader who wrote (2074)5/29/1996 5:06:00 PM
From: Judy   of 58727
 
Randy, what the hell did you do?? The push was for a paper trade,
and you know my position about beginners selling options. But since the deed is done

My post said selling the puts at 55 for $20 premium is worth the risk ... not for 13.50! This means that you'd be willing to pay 42.50 for the stock ... about the same price you sold the stock probably.

Watch those options like a hawk ... because the stock is being played... from 35 to 55 ... Probably will drop tomorrow morning...scare the little guys by making the stock dip to 35, raise their hopes by making the stock go to 42, make the stock dip to 38 and panic the little guys to sell...

If you can live with the fact that you purchased the shares for 42.50 and that the stock can drop and go dormant for months ... then play the option out and learn from it. Otherwise, cash out as soon as you can at breakeven. Re-read my post in the other thread. Email me if you need to ... I'll be in tomorrow.
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