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Strategies & Market Trends : Tech Stock Options

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To: steve susko who wrote (23065)	9/15/1997 2:45:00 PM
From: Tom Trader	of 58727

Steve, I went flat the S&P futures today to break-even on the trade Technically, the system is still on sell--but it went flat from a money management stand-point. See my posting to Judy as of last night for further details. Am now waiting the next signal--whether long or short--and my next position will be in the Dec contract. I am long the OEX puts but it is spread against a short position at a lower strike price--recd enough of a premium to cover the cost of my 880 puts. Will probably ride the position to expiry. Will post if anything is triggered but the stops are way off.

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