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


To: tony sidhu who wrote (31059)12/12/1997 12:01:00 AM
From: Brad Hill  Read Replies (2) | Respond to of 58727
 
Hi tony--more experienced traders than I should comment on your options strategy. I do notice that your plan leaves you naked without any hedging.

Supports:

INTC--important support 68-70
CPQ--major support around 40. I don't see any trust-inspiring support between 40 and 60.
MOT--I don't follow it, but a glance at the chart shows 60 and 55-ish as important ledges.

Good luck!

-- Brad



To: tony sidhu who wrote (31059)12/12/1997 12:11:00 AM
From: Sundar Rajan  Respond to of 58727
 
tony - post this message to steve in the CPQ or Ask Steve thread. Usually he suggests something like "sell apr 70 puts and buy apr 60 puts" - this way you are protected should INTC dive big time. Anyway, what do i know. After the debacle with selling Nov 120 TXN puts I don't have a taste for those.. After the nasty experience I NOW have with AMAT, CPQ, WDC, COMS, INTC Jan calls I am starting to hate calls as well. Maybe I need a break from all this for a while!