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Strategies & Market Trends : Tech Stock Options

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To: Pascal A. Mons who wrote (2001)	5/24/1996 7:26:00 PM
From: Michael Hillman	of 58727

Pascal ... Respond to post 2001 ....a space oydessey ... I'm happy to see IOMG behave this way ..cause it is normal ...and a wanted correction ..for everyone .Since yesterday all CNBC talked about is profit taking today ..no one wanting to go long into the weekend . Now this is a volitile stock ..and it is here I want to learn to ride up and down ..on the big ones .. I started out selling out of the money puts ..on stocks I knew the range of ...to ride to end for small premiums . I am playing IOMG because of the high premiums ....which are for obvious reasons . I wasn't so much discussing selling the Jun55's ..as building a n option play that would balance its self out . selling and buying puts .When the Jun 50's I sold at 7 today ..tanked ...I bought twice as many JUn50's to ride down ...the numbers balance out in the worst case scenario...IF I play it right and sell and buy at the right point s ..it is also profitable ..This is something Kevin showed me ..a long time ago ..It is something works very well ..just not with such volitile stocks .I just have to throw a hell of a lot of money at it ..but at least I don't lose ..and IOMG gave me a cushion earlier . But IOMG is now where I like my put sales ..high prems ..well out of the money ...will watch Tuesday ...and try to buy ..sell ..at the right times ...we will see .,....Have a good weekend ..

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