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

To: Kevin who wrote (29761)	12/1/1997 10:52:00 AM
From: Electric	Read Replies (3) \| Respond to of 58727

********IBM PUTS*********** Kevin, How was your extended weekend? I am doing great thanks! As for IBM I was thinking about it last night, and my play as I speak right now is to reach out a few months and put it.(He is lining up the put, it has to be just right.. <ggg>) I am looking at a Jan or Feb 110 put, deciding which might serve me better. I feel that the market has moved up strongly recently, and as Don mentioned in a post, might recorrect. I think we have a good chance to do that. IBM has moved up up up, and thats totally cool that you are on the right side as we speak, If it were me I probably would wait too long and hold until I had a double..lol But why has IBM moved up so much? It is the signing of Gertsner. It will not hold these levels IMHO. IBM is the sweetheart for a few minutes here and will likely settle into its happy home of 100-105 within the very soon future, unless it is to break out to 115-120 which I highly doubt. Seeing any stock move to new highs in this turmoil suprises me. I like the Jan or FEB put (unless there is somthing out there that hasnt been released for news on IBM, I know I havent seen any). One other note, IBM is VERY notorious for being slimy on expiry, usually slumping just below a largely held position, say like 110 or 105???? I have watched this happen every month. Kevin, I know that I have made money every time I buy a put when it gets right here.. and it usually is a quick turn too... Hope this helps.. and thanks for the info on your trades recently. I like IOM,MUEI,CPQ,HMTT,MU etc.. Come April a holder of a CPQ 40 call will be laughing to the cashiers window. Lisa.. played craps this weekend, I was the hottest roller hitting 3 points.. :{ and a lady rolled 5 4's in a row, I thought of you.. Electric