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

To: Brad Hill who wrote (27748)	11/3/1997 3:15:00 PM
From: Muizz M. Kheraj	Respond to of 58727

Brad, I'm with you, holding some DJX Puts and the market looking increasingly like it wants to break +200. Already, we are at 7641 and raging upwards, with the Tick at 480. I hope we can get a downturn here, but I am wary of this market. Muizz ** As I typed, we broke through +200, and the tick has moved up to +568!

To: Brad Hill who wrote (27748)	11/3/1997 3:17:00 PM
From: kiwi	Respond to of 58727

Brad Thank's for all of the good info. Along the lines of DJX options and the lack of movement. I did not realise these options were European style. Selling these might work better. kiwi

To: Brad Hill who wrote (27748)	11/3/1997 3:20:00 PM
From: donald sew	Read Replies (1) \| Respond to of 58727

Brad, I'm a little confused, what pull-back senerio did I state. I just stated that I raised my bottom to 7400, but that does not mean that I am seeing any signals yet that it will test that area. I am just moving my trading range up. I think it is too soon, but I may move my trading up another 100 points to 7500-7800 if the market continues up. Hope I did not give you the wrong impression, since I had changed my position in the middle of last week to a more bullish tone as I raised my bottom for the market.