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Strategies & Market Trends : Tech Stock Options

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To: Jerry Olson who wrote (28444)11/14/1997 12:23:00 PM
From: Sundar Rajan  Read Replies (4) of 58727
 
Jerry - My portfolio about 2 months back was over $280K, built up from about $98 in stock + 51000 cash during the year. At one stage I had 116000 in capital gains alone this year. Now my portfolio is about 140 .
Yesterday was one of the worst days - had to buy back 4 TXN Nov 120 puts to cover the naked sale - lost about 11000. Talk about missed oppotunities - I had a clear, golden chance to buy it back when TXN ran all the way back to 122 after the crash and hesitated for a measly two point loss, ended up with a 27 point loss. Evrytime I missed a chance to sell something in this market, the whole thing crashes on me. CMB, WDC, CPQ, HWP, LSI, COMS Jan options.

I am also hoping that by Jan expiry INTC, AMAT, CMB, BAC, IBM, CPQ, COMS, HWP reach reasonable levels.
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