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

To: RocketMan who wrote (3420)	2/22/2000 6:07:00 PM
From: Jill	Read Replies (3) \| Respond to of 8096

Stop me before I become a day trader. Daytraders are lowly riffraff, they never frequent this cafe, with its nice low overhanging porch that Poet built last night. We position trade options, that is a high and mighty occupation, we're an elegant foppish crew, we sell puts, we buy calls, some of us even buy puts and sell calls, we occasionally let loose an arggh or a grrr. We claim to arggh and grrr only on gorillas but we're not actually that loyal. We'll spin a tern from time to time. Your point about RMBS chart is good.

To: RocketMan who wrote (3420)	2/22/2000 8:11:00 PM
From: jazzcat2000	Respond to of 8096

Rocketman, great(?)minds think alike but I didn't pull the trigger today. Was going to do 140 puts on RMBS but decided to wait 1 more day. Concluded that puts on RMBS was better that TERN. Fyi had 100 Jan. 85's calls on RMBS that expired worthless(great timing). Have been watching chip stocks for months now and if recent history counts, the analysts will downgrade the whole sector soon, only to reverse gears two weeks later. Check out the ups and downs of CNXT over the last 2-3 months, prior to its recent run-up(had 400 dec. and jan. calls and barely broke even, again great timing). Bottom line IMO puts on chips is only good for a short term play but RMBS is worrysome due to the strong recent news(split???).