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Technology Stocks : How high will Microsoft fly? -- Ignore unavailable to you. Want to Upgrade?

To: t2 who wrote (29706)	9/18/1999 8:53:00 AM
From: Jill	Read Replies (1) \| Respond to of 74651

Tech, I have a few questions, some of which may sound naive, but...this is all a learning process I'm going to find out from Fidelity on Monday how they would handle a play such as 80 contracts, calls, at 1/8--what would the charge be? If not, what brokerage do you use for this reason? Can you give me a few past examples of trades--"large amounts near expiration with a month or two remaining taking way out of the money positions in calls"--I just want to study it In terms of "planets aligning"--the dollar dropping agains the YEN right before options expriation--you couldn't know it would rebound Friday, could you? Both you & Tef made the play Thursday. It seemed that Tef did so because he felt institutional sell programs were temporarily dropping MSFT and it would rebound on Friday, options expiry day. That reasoning seemed to prove so correct that I wondered if, in fact, this happens often, so that institutions can make money on options? Maybe they are all as smart as you and Teflon. Any information and thots, philosophy, etc, on this will be helpful as I want to understand. I've fairly well gotten the hang of selling puts--a term I didn't even know a year ago, before I went on SI...want to start understanding this typ eof call play. It amazes me what happened to Qualcomm last week, and did anybody read Voltaire's post on that thread, about purposeful house manipulation? He was certain that was what was happening, he even contends that the big companies work together with the analysts to manipulate stock price so the houses are happy and then the analysts owe them favors, etc. It doesn't sound like a conspiracy theory to me, sounds quite believable, and if one understands it, one can use the information...