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Strategies & Market Trends : Technical analysis for shorts & longs
SPY 689.490.0%Jan 8 4:00 PM EST

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To: Clint E. who wrote (18400)11/17/1998 4:21:00 PM
From: Iris Shih  Read Replies (1) of 69592
 
Hi Clint,

Yesterday I wrote some Nov. 105 cc on intc at the high. And bought back this morning for some lunch money. I studied intc's option open interests and thought it should close at least near 100 for this month. It got a jump from the rate cut but started selling off till the end. If it closes above 110, most of option writers would loose a bunch. Can it be possible? I might sell some again tomorrow.
Option expiry should keep a lid on some strong stocks whose call OIs outnumber put OIs a lot. Lu should close between 80~85. Csco near 65. Of course I might be wrong again as usual. We might get a big rally tomorrow.

Iris
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