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Technology Stocks : Scientific Atlanta -SFA- going up ??? -- Ignore unavailable to you. Want to Upgrade?

To: Donald L. Neely who wrote (160)	11/4/1997 8:18:00 PM
From: scope	Read Replies (1) \| Respond to of 1045

Sorry Kim: Anyone who pays $90 to buy a 3 or 4 month option on the OEX is out of his mind. You can buy S&P minis on the AMX for less than that. You don't have to worry about expirations. Anyway, OEX plays are mostly good at the last few days of the expiration where there are no huge premiums. Unless you are a big player and you own all the underline stocks of the OEX, you want to stay away from it.Big funds and institutions are using these options to protect their positions. One Fund last week went totally broke(lost all of their clients money 200 mil) because he was long.I have made 4200 trades over the last 30 years. i got sucked in to them only twice. Good Luck