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Strategies & Market Trends : Tech Stock Options
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To: Kevin who wrote (27020)10/27/1997 11:27:00 AM
From: Brad Hill  Read Replies (2) of 58727
 
Kevin--Electric. As soon as the SPZ broke below 935, I bought OEX 870 puts. Had the confirm from the SPX that we'd go lower. Next stop supp#2 for both.

I sold the last of my SPX long puts as it approached your second support point for an 8-point gain. Thanks! From what you're saying now, I was premature, huh? <g> Do you see the DOW 7600 support turning to short-term resistance, and trading down to 7000?

-- Brad
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