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Strategies & Market Trends : Tech Stock Options

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To: Tom Trader who wrote (42218)5/5/1998 10:30:00 AM
From: Patrick Slevin  Read Replies (2) of 58727
 
I ended up taking my advice by buying 6 @ 1123.80 and dumping 4 at 1125.80

Sort of a chicken trade. The weather is getting nicer and I may want to play golf.

But in reality, the bet was to take most off the table in the event that my 11:00 timing may provide another entry there. I think the market is reacting favorably to Rubin, so I got lucky with the 4 contracts. When I hit the speed dial and spoke to the trader the SP8M was 1125.00; getting the fill at 1125.80 was a calculated risk....I presumed momentum would be in my favor. It worked out well.
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