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Strategies & Market Trends : Tech Stock Options

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To: Patrick Slevin who wrote (31836)12/23/1997 12:17:00 PM
From: Electric  Read Replies (2) of 58727
 
Patrick,

I did a bad thing last november, I followed the bully down the alley and got punched HARD! I had Nov 145's on TXN and it fell of course, I followed it when I thought it bottomed.. it fell more..lol I fell the most. So now I am looking at going long instead of losing on options, although I have INTC April 65 puts, and they arent looking so swell right now.

I was kidding about the putter, I love to golf, I golf about bogie, which isnt too shabby, my real gamble is here..

My E*Trade isnt allowing uncovered writings so I cant sell anything I dont own, even if I have a put or call already purchased at the same time frame (I bought the INTC 65's and wanted to sell the intc 70's for a spread) It didnt bite, I was quite unhappy.

If anyone has ideas that would be great. I was looking to set-up a nice spread because INTC looks like it might move forward here.. 3 positive days in a row..

E
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