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Strategies & Market Trends : Tech Stock Options

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To: David Cope who wrote (5738)3/4/1997 11:24:00 AM
From: Kevin   of 58727
 
Hi David. I think ASND has a nice base at $150...it met it's 1, 2, & 3 month MF at that level so the selling appears to be over at that level. But now I'm wondering if $160 will be reisistance, or if it'll break through and stay above that level this week. I think it depends alot on the overall market's health.

I had bought calls a couple times last week, chasing ASND to the bottom. I'm not that far in the red now(1/4 point per contract), and my short puts are looking pretty healthy.

Did you see my post this morning on MSFT? I sold March 100c this morning. Stock has over $3 premium in the 100s right now.

Do I follow CUBE? Sure do. I watch this one very closely, because I truely believe the stock should be trading at $45 right now (approx) based on current fundamentals. If it hits $25, I'll sell a ton of puts.

Take Care.
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