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Strategies & Market Trends : Option Spreads, Credit my Debit
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To: jjs_ynot who wrote (606)2/21/1999 9:10:00 AM
From: dealmakr   Read Replies (2) of 2317
 
dave,

As a follower of the OSX sector, am also going to be watching options on the OSX index. If you check out the put to call ratio there it is extremely bearish. Doesn't mean the sector won't be hammered more, but its interesting how negative opinions are. Bot a LEAP options position on MRL last week (Jan 00 7 1/2C) for 1 1/4. Target is either a 60% increase on the option or a chance to write the Jan 00 10's at 1 1/4 to initiate a free trade. Sector is not for the faint of heart.

Dave
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