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Strategies & Market Trends : Tech Stock Options
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To: Byram who wrote (41059)4/23/1998 4:40:00 PM
From: Patrick Slevin  Read Replies (1) of 58727
 
Watch Globex before the open.

My guess is if the Futures are moving down pretty hard you should put in an order to close out your position at the open at market and wait for a re-test on the upside. Or a re-bound, I guess, not a re-test.

On the other hand, I think if it rallies from the start it will fail mid-morning.

I can't do much better than that on a guess, I don't have time to check data....I am rushing around and only logged back on to re-read a message from lisa on options.

----I think you'll be okay.
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