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Strategies & Market Trends : Tech Stock Options

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To: Kevin who wrote (30910)12/11/1997 10:01:00 AM
From: Tom Trader  Read Replies (1) of 58727
 
Good morning Kevin

I reversed to the long side on the bonds this morning

The selling pressure is pretty severe in the stock market -- if the market does not reverse in decent way within the next 30 minutes, I will buy some OEX puts on a retracement -- just for a scalp.

I think that the 955 level --which is where the 50dma sits-- on the SPX might provide some support -- if that gets taken out easily we could head quite a bit lower.

Hope that you are doing well
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