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Strategies & Market Trends : Stock Attack -- A Complete Analysis

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To: broken_cookie who wrote (6758)	3/11/1998 4:36:00 PM
From: Judy	Read Replies (1) of 42787

Richard, for the CSCO bull spread to be profitable all CSCO needs to do is float to test strike 65 before expiry. CSCO need not close above 65 on the day of expiry. For instance yesterday prems for 60p was 1+ and for 65p was 5+. Today when CSCO floated to 64+ prem for 65p was 2+ ... that's a 2 point net profit in one day on the flux. Big profit on 6000 contracts on a one day trade. No subscription to an options service. When stocks approach the level at which I may sell puts/calls, I watch things on delayed quotes. The transactions I see must match my sense of the proper trading pattern of the stock, or I'll not enter the trade. Like I was standing ready to sell Mar 35p on CPQ when I saw that huge 10000+ contract transaction and posted somewhere on the threads. RED ALERT! About CPQ ... told friends that CPQ was a fundamental short when the DEC merger was announced ... if they should stand the pain of holding thru the bullish exuerbance in the market. Proper entry for investors is 22-23, second entry is 17-18 if CPQ gets there. Yes, I know you are not chris' age ... Mr. Walsh. ps: did you protect your INTC position (entry at 75ish) before the prewarn?

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