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Strategies & Market Trends : Tech Stock Options

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To: Gersh Avery who wrote (58544)12/14/1999 7:33:00 AM
From: Lee  Read Replies (1) of 58727
 
Hi Gersh,

Glad to hear you're doing well.

Changed from bond futures options to stock options last year after world markets drove TYX down to 4.7% in the face of very strong economic fundamentals. Obviously I was trading from the wrong side! Always traded bond options based mostly on fundamentals and usually that worked, but when global crises came home to the U.S. to roost, the whole market became inexplicable! <g> (I had sold some calls during that time!!!) LOL!!

Nearly wiped out the account so I decided to concentrate on the equity accounts. <g> Fortunately, these have fared significantly better! <g> Of course, in a bull market, it would be hard to lose? I pay attention to Ike's levels and overall views and generally ride the trends.

So, at these market levels, just doing OTM calls for now. Started in stock options slowly and now getting more active and hoping that small successes don't cause complacency and loss of focus.<g>

Also, agree with you about the sell side.

Thanks for your note and good luck with futures.

Lee
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