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Strategies & Market Trends : Tech Stock Options

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To: Broken_Clock who wrote (54268)9/29/1998 10:45:00 PM
From: Lee Lichterman III  Read Replies (1) of 58727
 
How recent is recent? I know there was some selling in August but haven't heard of any since. DELL is a dangerous short/put play as many "DELLHEADS" feel that DELL is bullet proof since it has had it's hey day in a bull market. They don't understand that nothing is immune in a serious correction/crash. Therefore, unless there is a real crash, they will relentlessly buy the dip until they run out of money and things to pawn. I may scalp a couple points if my MU puts hit my target faster than I expect and the OEX put premiums are too high. My favorite put target IBM is too low to give me allot of down side unless it bounces soon. I rode it from 134 to 132 and left the last 2 points on the table. I think MU could hit 26 but will exit according to the overall market conditions.
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