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Strategies & Market Trends : Tech Stock Options

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To: Leland Charon who wrote (45366)6/9/1998 6:01:00 PM
From: Patrick Slevin  Read Replies (2) of 58727
 
I think you are premature, although being long options puts you at a disadvantage with respect to premium.

Just a thought. I'm not long though I was tempted in the final innings.

I really think this market has a high probability for an upside breakout; albeit it short-lived.

However, premium being in the time frame that is just begging for stripping the option play....my take....at this time is to be net short index puts for a day or two.

I don't think you did the unwise thing with your calls, nice trade.

WHOOPS EDIT.

I thought you were long calls. Sorrie. Completely off base with my earlier observation. I did not know you were long puts....excellent maneuver.
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