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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 (31095)12/12/1997 12:25:00 PM
From: Tom Trader  Respond to of 58727
 
>>But you might want to short calls again if we hit that magic number 950<<

Am looking to sell OEX puts at/close to that level -- with a very tight stop. I think that the 950 level will hold and given that the bonds are supportive and the internals are not too bad today -- it is a trade that could work out.

Will post when I do the trade



To: ViperChick Secret Agent 006.9 who wrote (31095)12/12/1997 12:25:00 PM
From: Esteban  Respond to of 58727
 
Well Lisa, TRIN is classically oversold here. Let's see if there is a correlation and we get a bounce here.

Esteban



To: ViperChick Secret Agent 006.9 who wrote (31095)12/12/1997 12:44:00 PM
From: Tom Trader  Read Replies (1) | Respond to of 58727
 
Well, K Rose, it took out the 950 level effortlessly -- let's see how well the 943-945 level holds

There is support around that level--but I may just sell calls again on a retracement or sell puts if the mid 940s holds