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Technology Stocks : Oracle Corporation (ORCL)
ORCL 198.80-5.6%Nov 21 9:30 AM EST
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To: Jerome who wrote (17403)7/17/2002 10:59:36 AM
From: MeDroogies   of 19079
 
I think the gap at the open calls for a retrenchment. Writing calls now is probably not a bad idea, given the position of the stochastics.

I've managed (knock on wood) to trade options well on ORCL by buying calls at the top of the stochastic cycle and selling as it declined (usually it will fall about .60 to 1 points...enough for a scalp).

Between that and the fact that the top seems to occur as ORCL bangs off the top of the Bollinger Band usually creates a nice trade environment.
But as you said, more art than science.
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