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


To: Spreck who wrote (10195)4/4/2001 8:36:12 AM
From: Poet  Read Replies (1) | Respond to of 10876
 
Hi Spreck,

MSFT's a tough one. It's targetted by a number of folks on the Clown-Free Zone as well (as a short candidate) and has frustrated a number of people because it's held up so well.

A quick look at the chart shows a series of higher lows and a sell signal on the stochs (daily chart).

siliconinvestor.com

Looking at the options chain, there's much more open interest and action on the May 50's (MSQQJ) than the 45's, so that's where I'd look to buy. They closed yesterday at 2 9/16 by 2 13/16 and if we get a small rally here in the Naz today, a limit order at $2 1/2 may get filled.

edreyfus.com

I hope this helps.