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Strategies & Market Trends : Tech Stock Options

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To: Kevin who wrote (2456)	6/11/1996 9:28:00 AM
From: Judy	of 58727

Addiction to the market ... JMED trade at the airport Kevin. I'm back. Yesterday while at the airport I called Fidelity to get an update on a few stocks. Remembered that JMED was about to split, and kept the broker on the phone to describe the stock's action for a minute. Yep, I HEARD the inflection point over the noise as JMED shifted to anticipate the split and sold July 55 puts for 5 3/8 at market. Couldn't chance a limit order and had to get on the plane. Next step of this play is to sell calls if/when JMED runs up post-split and stalls. Resistance at 55, best intraday high at 59+. Ratio-write or naked calls, I'll see. Saw somewhere on this thread Pascal said that this will be JMED's 3rd split this year...Daily Graphs indicate that this will be the second split. Please post me with dates of last two splits ...this will effect my strategy. Also, let me know when JMED looks overbought(RSI approaching 90?) and we can see how the indicator tracks with the point I pick for selling the calls. You doing any interesting plays for this week? Any clue on IOMG's opening this morning? Spent way too much money on vacation ... let's get some ideas going and make some cash ... stocks or options, up or down, doesn't matter.

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