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

To: edamo who wrote (5747)	3/29/2000 12:39:00 PM
From: Jill	Read Replies (1) \| Respond to of 8096

ed, I'm considering selling sebl puts as well. It's nicely down today. April 105s are a bit over 3 bucks, (sebl now trading about 125), May 100s between 5-6. I like to be conservative. May 100s look pretty good to me, but if you have a chance would you take a look? edreyfus.com That's the dreyfus chain. I'm gonna go out to lunch for a bit. fly

To: edamo who wrote (5747)	3/29/2000 12:51:00 PM
From: Atin	Read Replies (2) \| Respond to of 8096

Thanks ed, I am watching NTAP -- waiting for it to get oversold again on the stoc. I like the possibility of a second bounce from oversold before I get in. I use a few different things to time these things -- I wrote a program called QPnf (it is free, available at pnfcharts.com) that does point and figure charting and I use that to figure out things like support levels, and price objectives. I also use all sorts of other varieties of tea leaves :-) Based on these NTAP seems to be nearing support levels within its overall consolidation between 80 and 100 (approx) since falling from 120. I'm thinking it will hold 80, most probably 85 like it seems to be doing today. Perfect timing is always hard -- I tend to think I should be buying when everyone is selling. And right now everyone is selling NTAP. In my normal mode, I'd be buying at 87, 85, 83. But I'm using this as my experimental option play -- I figure I always learn more when I put actual money on the line. So thinking Sep 60 calls, somewhere around here. Small number of contracts -- 'cause I always lose my first 3 trades when I change something in my methodology and this will most probably be no different! So don't anyone follow me in :-) Of course, in my day trading QPnf charts I am expecting it to get back to near 87 1/2 again today . . . and would buy the next time it nears there, and sell the next time it nears 90! But I'm trying to chuck the habit so I'm not doing anything and am working on my real job! -Atin EDIT: Just looked at the candlesticks -- the thing looks ugly, wants to test its recent lows so bad . . .