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Strategies & Market Trends : Tech Stock Options
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To: Electric who wrote (43492)5/19/1998 10:03:00 AM
From: Patrick Slevin  Read Replies (1) of 58727
 
I may even try to scalp from the long side into the news.

But I don't trade options, so anything I do would have no bearing on your positioning. The suggestion I made to you was designed as a purely speculative play.

If I had to pick upside resistance in the SP8M they would be at 1120, 1122/4, and 1134. I suppose if I had to rely on points to short from these would be good ones.

To find the correlating areas in SPX, subtract about $4 from the SP8M numbers.
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