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Strategies & Market Trends : Tech Stock Options

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To: Kevin who wrote (6072)3/17/1997 10:33:00 AM
From: Tom Trader   of 58727
 
Good morning Kevin,

Congratulations on several excellent plays!

>>I just sold Apr 135 calls @ 6 3/8, so I've started my upside play on INTC already.

I assume that you meant that you have sold the puts naked or bought the calls if you are playing for a move to the upside.

I am looking for a bottom of sorts to be established this week and will be looking for a tradeable rally to commence. I'll probably use the next buy signal on the S&Ps to re-enter the market on the long side. Could you post if you see any indications of positive money flows on the S&Ps if the market maintains its weakness. Also, I don't know if you look at MF by sector to help determine the sectors that money is flowing into--if you do so, that would also be very helpful information.

Regards
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