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Technology Stocks : Stock Swap

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To: Andrew Vance who wrote (13191)4/7/1998 8:36:00 AM
From: Patrick Slevin  Read Replies (1) of 17305
 
Early guess.

If you care for a gamble, that is. Feelin' lucky, Punk?

Buy Index puts....OEX if you like, probably May 535s or April, if you feel real lucky.....at one of two times.

Either 10:20 ET if the market is rallying and moving higher....or 2:25, same scenario. The gamble is to try to pick them up around the high of the day and hold through next Monday. Perhaps only Thursday if that day produces a nice selloff.

Worst case scenario? Inspector Callaghan still has a bullet in the gun.

EDIT: Most of this logic started from the bottom of this post
Message 3965356
but I've noticed other things as well that lend a high percentage probability to this plan. I don't play options anymore....but this time I might.
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