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: James H. Irwin who wrote (30647)	12/8/1997 2:57:00 PM
From: Tom Trader	Read Replies (1) \| Respond to of 58727

Jim re >>What was the catalyst for your decision?? Several factors: The fact that my system is on a buy signal creates a bias to the upside--would never have done the trade if my system was on a sell signal Kevins #s and 8100 on the DOW should offer support The internals of the market looks good despite the weakness in the DOW, OEX and SPX; some of the other indices are acting well SPZ is acting well so far Call premiums are not declining despite the sell-off and put premiums are not increasing. Very limited profit objective -- 1 1/2 points which is quite doable given the volatility--also options expiration will create volatility Limited down-side if I am wrong on the trade Major downside to the trade: Less than 2 weeks to expiration makes the Dec calls vulnerable -- January was too expensive given that this was a scalp Also the sell signal on the bonds on Friday is not the ideal scenario Hope that this helps