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Strategies & Market Trends : Selling Puts: Have Cash Will Travel -- Ignore unavailable to you. Want to Upgrade?

To: taxman who wrote (1065)	1/26/2000 8:59:00 PM
From: OX	Read Replies (1) \| Respond to of 1235

i don't know, they're not my puts. but I know that this time of year is weak for box makers; including today normal hour trading, DELL gave third in a series of consecutive sell signals on a PNF chart; and if tmo it prints 37, will be a spread triple bottom. If I were long, I might give it room till 36. On the reverse side, I'd like to see above it 200dma (~42). So you might use that as a pivot point for your puts... it's all depends on how you want to trade it. on PNF charts, there's a downtrend line (Bearish Resistance Line) which is a wall at 46... but I doubt you would want to give your puts that much room. The good news for shorts is that this line moves down with each reversal in the charts... but in PNF speak, until the BRL is taken out, it's in a downtrend. here's a little of what the chart looks like... 55 ------+------------------ 54 * 53 X * 52 X O * 51 X O * 50 ------X 1 X --* --------- 49 X O X O * 48 X O X O * 47 X O O * 46 X O X * 45 X X ----O X O -- 44 O X O X O X O X 43 O X O X * O X O X O 42 C O X * O O X O 41 * O * O O 40 * --* \| ----------------- 39 \| 38 \| 37 \| 36 \| 35 ------\| -----------------

To: taxman who wrote (1065)	1/26/2000 9:10:00 PM
From: Jerry Olson	Read Replies (3) \| Respond to of 1235

Taxman.. DELL's warning was because of a "shortage" of chip sets..meaning demand was outta control...they couldn't get delivery in time to make the quarter..what's that tell ya... the other reason was Y2K lockdowns..major corp's did not buy till after the event...they are now... happen to IBM too.. this is a ONE TIME EVENT..and if this isn't a buying opp i don;t know what is... might sell the Y2001-2 Naked Leap on DELL...deep in the money like the 45's...maybe the 50's..think DELL might be 50 in year or two??? please do not knock someone's perfectly good trading acumen when you just don't like the trade.... i have friends selling both naked calls and puts on the OEX each and every month..raking in large money, and managing these trades like the Pro's they are... whats one man's trading tools, may not be another's!!! ???? what's the diff how we make money..if it works for me??? the people that come here and beef about this type trading haven't got a clue??? they are simply novice's... probably never trade options of any kind, and ALWAYs lose money if they do trade them... they figure noone can work these type trades.. it's pure bullshit...