The Options Box Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : The Options Box

QQQ 600.41

-1.9%

Dec 17 4:00 PM EST

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Lee Lichterman III who wrote (9307)	2/6/2001 12:45:41 AM
From: Lee Lichterman III	Read Replies (1) of 10876

Did a buy write on NTAP today. In NTAP common at 42 and wrote Feb 40s at 5 3/4. Decided to not be greedy and go for the usual 45 strike for 3 and take the extra points to protect my back side in case I am wrong since CSCO reports tomorrow, NTAP has been very weak and they report Thursday. With so much premium even this deep, I figure if it runs up, I can always buy them back after premium erodes into intrinsic value and then roll out to a higher strike. Sold the last of my puts this morning also. I am now Long QQQ LEAP 40s for Jan 03 and hold this buy write. I will likely lay low until CSCO is a known from here. I have short term over sold signals on the QQQ, NDX, NASDAQ and a few stocks like EMC, SUNW, SANM, JNPR etc. We should try to do a bounce soon. I will be watching that bounce for signs of market weakness or strength. Good Luck, Lee

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next