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

To: ViperChick Secret Agent 006.9 who wrote (30299)	12/4/1997 1:12:00 PM
From: Jerry Olson	Read Replies (2) \| Respond to of 58727

YEP!!! Hey you know our strike the 470's hit a high of 9 1/2 today... Now lets talk about this...I & you paid about 7-7 1/8...The market went up from the time we bought in, about 80 points total right??? So with the OEX hitting 472, the 3rd res. #, the options hit 9 1/2 at the top!!!The next strike was 478!!!! 6 points away... Lisa all i'm trying to say is, an 80-100 point run, and it doesn't have to be straight UP... it could be down and then up... will move the option prices about 2 points...NO???? Lisa 2 POINTS is GOOD!!!! if you own 10 contracts that's 2000 GRAND!!! Now should we have put a sell order in when we buy the index???? As like this, Buy the Dec 470 calls at limit 7 1/4 and sell at 9 1/4...What say you!!!

To: ViperChick Secret Agent 006.9 who wrote (30299)	12/4/1997 1:13:00 PM
From: Nemer	Read Replies (2) \| Respond to of 58727

WhiS: ----> i think it was an emotional decision, eh?!?!?!?!?! Doncha be picking on my old age compadre, Jer. Just think, when all you young folks get to be ancient like Jer and I are you'll have to put with all the snapping turtles of younger WhiS and something tells me when the shoe is on the other foot it won't feel quite as comfortable.......ha ha ha Couse by then Jer and I'll be hollering at the horses from the nursing home which overlooks the track with the Bloombergs sitting right by our sides and having to have an interpreter to call the broker to make some more profitable trades and the nurses making the same kind of comments we have to put up with now.........ggggg And Jer. I can just hear Arlene and Marilyn saying-----"now you just quit flirting with those young pretty nurses and I'm going shopping as soon as the young goodlooking driver gets back to take me to the mall and by the way give me some spare money to spend.....".............GGGGGG Regards---Nemer