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Strategies & Market Trends : Tech Stock Options
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To: Kevin who wrote (6136)3/19/1997 12:18:00 PM
From: ViperChick Secret Agent 006.9   of 58727
 
Kevin,
<from a technical aspect what does it usually mean when a bid is 42 1/2
and the ask is 43 1/4. It is such a wide spread<<< My first assumption is that this is
a NASD stock. This spread isn't that big actually. There are stocks I've seen with
almost double that spread. My guess is that there are less than 20 Market Makers
in this security. What's the ticker?>

This spread is for VVUS that seems to be a good short. I don't short stocks at this point, I just buy puts. I bought puts yesterday for 1 and right now they are at 2. However, they are March exp.

Can you tell me what difference the triple witching hour usually makes for stocks and options. I have been playing around with INTC and MSFT and VVUS and ZITL making small profits because I only bet small at this point - In case something like ASND happens (no I didn't do that one). I bet with MU once and was stupid enough not to get out!! I am waiting to ride it up again (wishful thinking). I am trying to figure out what to do with the March options I have. I have some 135 March calls on INTC that I bought at 1 1/2 and that damn stock is tanking today - but I also have 135 April puts, so I guess I win either way.

I have to ask all these questions at once because I am limited to 5 posts a day :-(((((

You were the guru with March 135 calls before....what does your voodoo say for INTC at expiration date. I am looking into my crystal ball, but it is all fogged up at this point ...

Many many thanks!
L.
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