Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: Teflon who wrote (3820)	2/28/2000 5:25:00 PM
From: Ritch	Read Replies (1) \| Respond to of 8096

Hi Teflon. Just got back from a five day golf trip in Florida and am trying to get caught up with all of the posts. I bought back my QCOM Apr 80 puts today for an average price of 11/16. I sold them originally for 7 1/2. This freed up some capacity for me, so I am also looking to sell some more puts. I am thinking about GMST, JDSU, and QCOM April puts. MSFT premiums look nice, but we are still somewhat under the influence of the justice department. Which strikes are you looking at for the GMST and QCOM? I don't know if your nuts,:) but you really have to want ICGE stock, or have a lot of confidence that it is going up a lot in the near future. If the stock doesn't close over $140 you will own the stock at a net cost of $90 per share. With the stock currently at $96, this seems a little risky. The stock has retraced over 50% from its 1/3 high, and seems to be in a big down trend to me. What are your thought on when the down trend will end? Ritch

To: Teflon who wrote (3820)	2/28/2000 8:07:00 PM
From: Poet	Read Replies (2) \| Respond to of 8096

Teflon, Funny you should mention ICGE. I think the put selling idea is smart, to tell you the truth. I was delighted to get entry at 95 today and am looking for other plays to build my position there. MSFT, damn, I agree with you. I watched it this morning at 88 and 89 and didn't act. i was away this afternoon to see that it had closed higher, despite the Nas action. I think today was a pivot point. Your idea of June put sales/call buys is on my mind. Oh yeah, you're potentially nuts. Not yet, though. <G>

To: Teflon who wrote (3820)	2/28/2000 9:30:00 PM
From: Jill	Read Replies (1) \| Respond to of 8096

My first thot is: How great it is that Teflon has posted 2 days in a row. We have really missed you on the threads, guy, and I hope you're back for good. I had sold some Q July 130s...on the day ed mentioned July 140s, (was that only last week???)...Poet sold 130s and 140s. That seemed a good strike and a good month. What did you choose? Haven't looked at MSFT options lately. AFFX, Girish's pick, is extremely volatile. It has traded into the upper 260s a bunch of times lately (260 is supposed to be solid support) and usually rebounds in the same day or next day into 280s. It recently made a run as high as 322 I think, today it's down to 290. It's a very interesting company, but moreover, a great very short term put selling candidate. I know you're staying out of biotech generally, but...premiums on it are very rich. Next time (if/when)it drops into 260s I'm selling puts.