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

To: Michael Rich who wrote (28971)11/20/1997 1:02:00 PM
From: Tom Trader  Read Replies (1) | Respond to of 58727
 
Michael--a very tough call on what to do

I am hedging long equity positions like I said that I would do in a post some time back,

I am sorely tempted to buy some OEX puts -- but it is against an up-trend. Will let you know if I do the trade. May just do a "funny money" trade.

No opinion on the other indices.

Regards



To: Michael Rich who wrote (28971)11/20/1997 2:08:00 PM
From: Tom Trader  Read Replies (5) | Respond to of 58727
 
Michael/Lisa/Behrouz/Tony--just took a half-position in the OEX Dec puts

This is a high risk trade--will add the other half if the futures gap up on the open tomorrow and then unable to hold its strength -- or if I get a sell signal in the futures.

FYI--DOW was at 99 when I placed the order


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