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 : Tech Stock Options -- Ignore unavailable to you. Want to Upgrade?

To: ViperChick Secret Agent 006.9 who wrote (28035)	11/8/1997 12:53:00 PM
From: Nemer	Respond to of 58727

CaT babe: ------>When you were looking at buying calls at 868...how did you pick that number? One of your supports was 869, then 863, 853. So could you please illuminate me on your thought process on this one. My figs are plus minus one or one and a half. When the market is moving rapidily (as it now seemingly does every day), I have found that the point will "stretch" a little as the momentum carries on. What ever that numbered law of Physics is that bodies in motion tend to stay in motion applies here in this explanation. In the case of Friday afternoon, the downward movement was plenty hurried and strong. My son and I were at the desk and could see the TV screen and computer screen at the same time. CNNfn shows DOW, NAZ, and SPX and must update about every minute and my PC Quotes is a snapshot and between the two of them it confirmed the market was plummeting down fast as which ever one of the two was fresher was the lower. Should the 868 have broken and gone to 863 or 862 I would have bought calls there. BUT first, I would have sold out at a loss the ones bought at 868 at around 865 or 866. If it had continued down from there, I would have taken my loss on both purchases and probably called it quits for the day. Again, in the above example (the one that did happen), had it been during the middle of the day I would have sold half the postion as OEX approached 874-75-76 depending on the speed it was moving at that time and kept the remaining half for furthur profit OR had the OEX turned direction and started moving down, I would have held on til my postion approached the break even point before selling. AS it was toward the end of the day though, and you know I don't carry the OEX home for an overnight visit in my hacendia, I liquidated the entire postion at one time for a fair profit. ------>Also, how did you extrapolate your 868 to the SPX equivalent? I just do an eyeball of a chart overlay that sits on my desk. It's not real accurate but it's close....that's why I said interploate.....916 = roughly 868 at that time Friday afternoon......it doesn't stay the same from day to day though. We have tried to get the figures for the SPX on the mainframe and it could well be the data feed but the eyeball chart works fine and is faster cause my RT quotes won't display but one or the other of the OEX or SPX at a time. Well, I think I'll go have some dinner and spend the afternoon wathcing the Breeder Cup on TV. Red went to Dallas to BUY, NOT LOOK FOR a dining room suite...........eeeeeeouch.... Go long Thomasville.... Don't see anything wrong with milk crates for seats and concrete blocks holding up a couple of 2 x 12s for table personally, but I learned a long time ago -----The most important sentence for a married (who wants to stay married ) man to say and learn is-------- "Yes Ma'am" Regards----Ole yes ma'am nemer