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Strategies & Market Trends : Tech Stock Options

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To: ViperChick Secret Agent 006.9 who wrote (22275)9/8/1997 11:14:00 AM
From: Tom Trader   of 58727
 
Hi Lisa >>are we going to bounce off of the 940 area of resistance on SPX....

Am still on sell signals on both S&P futures and the bonds--but am losing on the short S&P trade. 941 on the SPX should provide resistance.

Right at the moment, I am trying to figure out how to deal with AOL where I wrote a short straddle at 70. The deal with WCOM blind-sided me--and I have a loss on the calls. I would normally be comfortable staying short--but with this news and the fact that they are presenting, it could result in a run up, so I am tempted to close it out and take a loss.

Take a look at IO -- you may want to buy it on a pull-back, because it has more to go. I am looking to add on a pull-back.
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