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Non-Tech : Invest / LTD
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To: The Ox who wrote (8213)4/16/1999 1:18:00 PM
From: SJS  Read Replies (1) of 14427
 
Yup. I hate to say this but it right now looks like the MM are going to close many of these stocks right on the strikes, hosing both buyers and sellers!!

I think I am going to let my covered calls and sold puts all settle, and re-establish put selling when the market settles back a little. Techs could come down a little more, so if I get called today on some of these, I'll have fresh cash to buy them again!!

I can't believe the oil thing. Big Big moves today. look at CAM, and GLM. What caused this spike?

Mike: Look at the option SPREADS on TXCC April 45 calls. Who is that guy kidding? 1 by 1.5? 1/2 point spread on a $1.00 option? Somebody ought to reign these clowns in.
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