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Strategies & Market Trends : Tech Stock Options
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To: benmoti who wrote (28998)11/20/1997 2:56:00 PM
From: Tom Trader  Read Replies (1) of 58727
 
>>What is your take on oex dec850put to enter?

Behrouz-- you may want to wait and see whether this strength is sustained before you take a position--this is a counter-trend move and is high risk.

Perhaps it would be better to see if the OEX declines to below the 918 level--Nemer's stop thru his dog-- and then buy puts at that point.

I don't usually buy puts that are that far out of the money
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