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Strategies & Market Trends : Tech Stock Options

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To: Patrick Slevin who wrote (40571)	4/21/1998 1:12:00 PM
From: Dwight E. Karlsen	Read Replies (1) of 58727

Well, I stuck a fork into some MSH 570 puts, May expiry. Got 'em when the MSH was up about 8.5 pts. Nutso. After MSFT reports after Wed. close, I think this tech rally is going to run out of steam quick. And my thinking is that since MSFT is the only biggie MSH index component left to report, and we all know they will "exceed" because they preannounced, well then I figured today was the day to "buy at the high of the day, if possible", like Don says. So I gave it my best shot. I figure the MSH has fairly good support at 520, and that would be "only" a 9% correction from these lofty heights. That would be 257% profit, not counting any intrinsic value, if the MSH goes back to 520. May it be so. -GG- DK

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