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Strategies & Market Trends : Tech Stock Options

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To: Judy who wrote (21620)9/1/1997 9:06:00 PM
From: Michael Rich   of 58727
 
Hello Judy, have been waiting for this post.

A few comments/questions. To a cheap trader like me, I would
also consider an alternative to stratege#1, which is to sell
out of money put on stocks I want to own and buy calls if it
got an exahusting spike down. My rational is that buying puts
at key support level has less than 50% chance to be profitable.

I like the idea of buying puts at key resistance in this choppy
market. It serves as cheap s/t protection if one doesn't want
shares to be called away. I guess your stratege#2 is to
initiate positions rather than protection.

Have a pleasant evening.
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