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 (30987)	12/11/1997 3:47:00 PM
From: Tom Trader	Read Replies (1) \| Respond to of 58727

Hi Jim--I don't day trade -- for the most part So intra-day charting is not something that I focus on -- when you use a very short-term chart, how much would the trade end up being worth if it worked out right--on average that is?? I am short-term bearish too -- for a bottom-fishing type of trade a retest of the 950 level on the SPX could be bought with a tight stop.

To: James H. Irwin who wrote (30987)	12/12/1997 9:16:00 AM
From: Tom Trader	Read Replies (4) \| Respond to of 58727

Good morning Jim--looking to short Dec OEX 455 or 460 calls just after the open Taking advantage of the gap open that is expected on the futures -- I don't expect the gap to hold for long and if the March futures are at or above the open level, about an hour after the open, I will close out the short position. Not saying that we are going to be down for the day -- just that this gap open will most likely not hold and I am hoping to scalp a couple of points on what is likely to be a day trade--the type of trade that I said that I don't like to do:) Have a good day