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Strategies & Market Trends : Tech Stock Options

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To: ViperChick Secret Agent 006.9 who wrote (30299)	12/4/1997 1:12:00 PM
From: Jerry Olson	Read Replies (2) of 58727

YEP!!! Hey you know our strike the 470's hit a high of 9 1/2 today... Now lets talk about this...I & you paid about 7-7 1/8...The market went up from the time we bought in, about 80 points total right??? So with the OEX hitting 472, the 3rd res. #, the options hit 9 1/2 at the top!!!The next strike was 478!!!! 6 points away... Lisa all i'm trying to say is, an 80-100 point run, and it doesn't have to be straight UP... it could be down and then up... will move the option prices about 2 points...NO???? Lisa 2 POINTS is GOOD!!!! if you own 10 contracts that's 2000 GRAND!!! Now should we have put a sell order in when we buy the index???? As like this, Buy the Dec 470 calls at limit 7 1/4 and sell at 9 1/4...What say you!!!

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