Strictly Buy and Sell Set Ups Message Board

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Strategies & Market Trends : Strictly Buy and Sell Set Ups

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To: chowder who wrote (2530)	3/1/2005 3:54:19 PM
From: profile_14	Read Replies (1) of 13449

Yep, I am looking at holding the at the money options on CSCO and JNPR at 17.50 and 22.50, respectively for April, IBM 90 calls for April, and AAPL 80 puts for July. I intend to be out of the trades before the windows expire, and given the moves that CSCO and JNPR exhibit when they bounce, a 75 cent call could double or triple if the stock jumps a couple of points. IBM I am looking at 1-2 points higher, and Apple I am paying about 2.4 in time premium. By then I believe the stock will have had a chance to correct more than 2.4 from here, FWIW. I am also looking for a bottoming of the OIH if it drops more to perhaps go long on a bounce. It all depends on how much it gives after the report on Thursday (my assumption is bearish for Thursday, while bullish on on Wednesday's Oil report). Any thoughts on your part for any or all of these mentioned? TIA. Best,

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