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

To: jjetstream who wrote (7060)	4/30/2000 5:24:00 PM
From: Poet	Read Replies (2) \| Respond to of 8096

Hi jjetstream, I didn't want the weekend to end without thanking you for what you said about our thread (ie. how you find it welcoming and useful). I never know when I post my own trades whether they're of interest to anyone else, so thanks for the feedback. Here are some plays I'm considering this week: GMST siliconinvestor.com Take a look at this chart. It's a thing of bullish (not to mention Gorilla-ish) beauty. GMST had a good turn for the better last week, culminating with a bullish candle on Friday. Their merge with TV Guide is due to go through in June. There are many ways to play this. An agressive short term play would be to sell the May 50 puts and buy May 50 calls (synthetic long). Less aggressive would be to buy the May 40 calls. Longer term plays could include buying the August ATM or OTM calls, depending on the stance you want to take. Another issue who's chart looks good is NTAP: siliconinvestor.com NTAP's turnaround appears to be a bit more mature and it has resistance at around 80, but, based on Friday's very bullish move, I've positioned myself in the May 80 calls (NULEP) at about $5. I'm still a bit leery about the market and prefer to position- and daytrade until the FOMC meeting.