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 : The Options Box -- Ignore unavailable to you. Want to Upgrade?

To: Poet who wrote (5387)	9/21/2000 10:39:42 PM
From: hivemind	Respond to of 10876

INTC makes me want to turn off the computer. Buying back the short calls on the QQQ yes, seems like a must at this point. Roll down to a lower strike in Oct (or further out?) How far down do you think? Buying puts would be expensive as an alternative, volatility will be up large. I'm also thinking "do nothing" with 02 and 03 QQQ leaps. I think it's too late to sell short term calls against them. I don't think selling the leaps outright would work. I'll have to evaluate (stare at the screen) buying back my short oct 96's against my 01 95's. A small overall position. My good quality stocks I'm probably gonna have to just hold on and wait for a turnaround. :( I have cash, but not as much as I'd like. Was at an "advanced" options workshop tonite after hours. The presenter was just fine, but the material was basic, I thought. Nothing more than what you could get out of any reasonable book. Did like the brief exercises though, in figuring out most profitable possiblities when you have an opinion on the underlying. Prediction: Capitulation tommorrow/monday/tuesday, then some dip buying. It will take a while for INTC to wear off the collective market psyche. :(