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Strategies & Market Trends : Option GEMS - Hot Options in Booming Companies...

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To: Tony D. who wrote (371)8/24/1997 6:16:00 AM
From: AlienTech   of 396
 
Option play for monday, Look at getting puts on symc, Their blunder is front page news every where. The company is loosing market share to everyone and does not have any new products. Many of their top talents are running off to the competition and a lot of revenue is from selling their subsidaries to other companies like hp. A lot of their products are very similar to ones from qdek but they have better marketting and a lot of money makers is have beens like norton utils for nt is not selling at all. Dont think their fancy ads and twisting of wording is going to save them now. Stock currently trading above 25, first support is 14, longer term support is under 12. SEP 22 1/2 PUTS are going for like 1/2 if you can get it but the stocks already down in after hours trading so it might cost much more, first target support is around 16 so the sept 20's might make a quick buck as well.
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