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Strategies & Market Trends : Tech Stock Options

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To: ViperChick Secret Agent 006.9 who wrote (6452)3/26/1997 1:20:00 PM
From: Kevin   of 58727
 
Hi there. Market is lookin' a bit strong right now, huh?
>>>We haven't heard from Kevin yet, so it must not look good.<<<
Now that's not true. I'm about ready to close out my Apr 135 puts that I shorted last week on INTC (not to be confuse with the puts I bought yesterday)...I'm up 2 3/4 per contract, so I'm happy with the $$$ made.

Anyway...I'm sure you don't give a crap about the money I'm making on INTC...you wanna know about the money WE'RE LOSING on INTC.

Few Thoughts on that:
#1 overall market rally looks real weak to me...could see the market head south...maybe to finish even for the day.
#2 MSFT & INTC both have some serious sellers in them today. I know it doesn't appear that way by looking at the stock price of each, but it is true.

I'm probably going to sell calls on INTC now to play the resistance at $140...might hold off until closer to the close or tomorrow's open though.

I am definitely going to add to my puts on INTC.

Not sure about MSFT yet. I'm just more comfortable with INTC that's all.

I'll post when I make my changes.

Take Care.
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