Electric--hey, nice job exiting your CPQ Dec calls. Congrats!
Premiums are ridiculous throughout the high-profile tech stocks. Pickiness is prudent. I hope OJ posts some of his oil stocks that are valued more enticingly now than last week. I also like FDX (Federal Express), and have followed it for about a year, but am concerned that the Asian situation bears directly on its business to a greater degree than the techs. But, for what it's worth, the premiums are reasonable.
See my open question about market volatility, premiums, the possibility of a lethal transition period for option players, and Donald's thoughtful response. I really am clueless about the market's direction. This afternoon felt like the calm after a storm, and I have no idea what the next weather system will be. I'm disappointed in this week, though--I don't like the clean, easy way the market emerged from Monday. I don't believe sentiment is consolidated, which was my goal. I'd like to plumb the depths further, but I'm not going to bet the market will.
-- Brad |
