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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 (30394)	12/5/1997 12:20:00 AM
From: Alan Smithee	Read Replies (1) \| Respond to of 58727

Lisa my dear: I have a position in the OEX 470c as well. Huge position. 2.

To: ViperChick Secret Agent 006.9 who wrote (30394)	12/5/1997 12:40:00 AM
From: Kevin Walsh	Respond to of 58727

Thanks Lisa for the joke - it's a keeper! I just checked your web site for the first time - keep up the good work. Zapped ya some mail. kw.

To: ViperChick Secret Agent 006.9 who wrote (30394)	12/5/1997 9:14:00 AM
From: Tom Trader	Respond to of 58727

K Rose--the gods are not smiling on us:( I did get a sell signal on the bonds, this morning, after being long quite a while My strategy for the OEX calls that I am long: Will exit the calls and possibly buy puts if a sell signal is triggered on the system--precise point is not known at this point because of the certain large gap down open on the futures If the market reverses after the initial sell-off, I may look to exit at some point even if it means doing so at a loss--only two weeks to expiry on the options; have already placed an order to exit at break-even. But don't be surprised by if the initial sell-off on the futures reverses given large gap open phenomenon. The sell signal on the bonds does not help, however. If I am not able to exit at a reasonable level and absent a sell signal, I will hedge the position by selling the 460 or 465 calls against my 470 long calls. Will post whatever I finally do