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Strategies & Market Trends : Tech Stock Options

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To: donald sew who wrote (35291)2/20/1998 8:25:00 PM
From: Patrick Slevin  Read Replies (2) of 58727
 
I closed out my short S&P contracts at 12:20, EST according to my notes.

I was playing gin rummy and keeping an eye on Bloomberg. I bought a small amount of OEX March 495 puts around 3:45 EST.

I have my doubts about the sustainability of this. I intend to dump the puts first thing Monday and look to go short the S&P again. This incredible "straight-up" motion in the market has to be shorted, albeit selectively, in my opinion.
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