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Strategies & Market Trends : Tech Stock Options

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To: Barbara Barry who wrote (40233)	4/17/1998 3:40:00 PM
From: Tom Trader	Read Replies (1) of 58727

Hi Barbara >>The masses are buying the May calls today and very few put buyers.Today's action is the most bearish as a contrarian indicator i have seen in a while<< I would not view one days ratio as a strong indicator -- would look for a trend that lasts several days. >>Are your signals still that strong as I don't know if today might be the day or Mon to initiate May puts<< My system does not "grade" signals that are generated -- it is either a "buy" or a "sell". I personally would not buy index puts --for my own account--when I am on a buy signal. If anything, I would short puts or buy calls. I would suggest that you may want to use someone else's system as a timing mechanism for when to buy puts. Obviously,it would be a shorter term system than mine is. Regards

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