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Strategies & Market Trends : Tech Stock Options

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To: Nemer who wrote (45547)	6/14/1998 12:06:00 PM
From: ViperChick Secret Agent 006.9	Read Replies (1) of 58727

Gramps I budgeted a dollar for the "Pencil Man" but havent been down there yet to give it to him So I have another dollar ready if you will give me the latest BBOX update on TXN...cant remember exactly what the number was to close a short but I think it was in the 57 range...which TXN did not get to in the last pop...(but I was sweating it) should have closed my puts Friday with a 2 point profit....but I didnt so I think I will close 5 of them and use the other 5 to do a horizontal time spread if TXN will go back down Monday or Tuesday (selling 5 June 50 puts against my 5 july 50 puts)...seems like TXN would like to settle about 50 on expiration day. there was alot of activity on those July 50's 6547 on OI of 3935

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