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Technology Stocks : TLAB info?

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To: DMaA who wrote (5940)8/26/1999 11:43:00 AM
From: Just_Observing  Read Replies (1) of 7342
 
Instead of a warning that I may be wrong, I just put out a general observation. I have been selling naked calls and puts this morning and I sold some naked calls yesterday too. I almost erased my post when I wrote that line you pointed but by then I had put in too much time evaluating fair values for my post to be totally useless. So I would rather be selling the 60s calls before considering selling the 70s.

Because my conclusions are tentative and I don't want to mislead anyone's trading decisions, I rarely post the signals that I get from the options trading. But today was a special situation where I was trying hard to discern a pattern in the options trading. But sometimes there is no pattern or it is unreliable. I have been moving my target price for Tellabs at options expiration a little bit lower today. But you make a good point. And I should not post unreliaable signals.

I am usually long Tellabs (more naked puts than naked calls) but today I am almost completely balanced. Good Luck.
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