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Strategies & Market Trends : Tech Stock Options

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To: donald sew who wrote (39350)4/13/1998 6:38:00 PM
From: Patrick Slevin   of 58727
 
Option Premium.

Whether any of us are correct it boils down to premium in the options. It's Chinese torture if OEX or whatever puts decay for another day or two. I saw my April 535s hit a high of 8.25 and were offered at 8.375----where I picked my sell price---never traded there and dived to as low as 4.625

I'm sure most everyone knows this is not unusual expiration activity, if we're not dead-nuts with this the options are cooked. It's nice to be right, but nicer to make money on it. I have a golf game at 10 tomorrow and my puts are history at that point. It's too risky, to my way of thinking, to mess with this stuff this week.

Anyway, if your analysis is correct, why not get flat as these 535s (for example) will dive as low as $2 by Wednesday afternoon. Wouldn't you think?
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