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Technology Stocks : INTEL TRADER

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To: Berney who wrote (7295)11/23/1999 5:29:00 AM
From: Gersh Avery   of 11051
 
I just thought of something ..

may or may not work ..

Yesterday the market was weakening. As it did so the AD lint took a nasty hit. In other words, folks were getting ready for the market to pull back. As they did so cash flowed from smaller stocks to the more liquid larger ones. Net result is that the major indexes went up while cash was being pulled out.

Under such conditions, I wonder if a play could be done something like sell a SPX call and a OEX put. Then reverse as conditions reverse. Perhaps close out one after the market direction clairifies itself. Anyway the idea would be to play the two against each other. The prem in these two are so huge ..

Gersh
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