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Strategies & Market Trends : Tech Stock Options

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To: Pascal A. Mons who wrote (1975)5/23/1996 4:13:00 PM
From: Michael Hillman   of 58727
 
Pascal ..
No doubt about it ..AMTX moved nicely today ..but I think you have overlooked IOMG as an option play ..which in theory ...is what this thread is about . The computer trading you speak off ...was very evident .....both at the beginning ..and end of day .

It forces the price down early in the morning ..to the day low ..than allows it to "beach ball" back up ...finishing very strong .

A proposed option trade ....for tomorrow ..based on the wide spread in premiums .Jun 55's puts sell for 9( ..I'm looking for 10 ) ....but the 50's still hang around 6.5 ..good bucks for out of the money . Meantime ...Jun30's sell for 3/4 ....
I'm looking to sell 55's ...or 50's ......and buy the cheap puts for insurance .

Any comments ????
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