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Strategies & Market Trends : Options -- Ignore unavailable to you. Want to Upgrade?

To: Junkyardawg who wrote (3301)	2/20/2000 11:55:00 PM
From: Jill	Read Replies (2) \| Respond to of 8096

I think options expiry had a lot to do w/ Friday's action. But predicting an up or down week ahead has always been impossible for me. When you say puts, do you mean buying or selling? Tell us a bit about your plays and we can try to help you refine them.

To: Junkyardawg who wrote (3301)	2/21/2000 1:57:00 PM
From: Poet	Read Replies (1) \| Respond to of 8096

Hi Junkyardawg and Doug H, I've seen you both around other threads and respect both your trading styles. It's great that you all are getting into options. Please feel free to ask questions about strategies and we'll give you whatever help we can. I find that I often trade the options on the stocks you guys are trading. As for the market, I've got to say that I'm cautious. I think that the behavior of the Nasdaq on Friday was a combination of a belated response to Greenspan, a typical pre-three-day-weekend profittaking, and double witching. I expected it, to tell the truth. In the coming week, I wouldn't be surprised to see increasing strength in second tier biotechs (the biotech scan that Vendit did on his thread, and the ensuing discussion were great) as well as continued strength in issues like TERN and CREE. I'm playing March bullishly, but will simply sell puts and write some covered calls in April. I'd love to hear what others have to say.