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

To: Nemer who wrote (31311)	12/16/1997 9:39:00 AM
From: Tom Trader	Read Replies (1) \| Respond to of 58727

Good morning Nemer--how is the training of the dog coming along?? Last week I posted that I was going to short OEX options when I got a signal on my model as opposed to go long the options. I have not initiated my short put position yet -- given the buy signal. But for the benefit of the thread, I am going to post what would have happened if one did initiate these positions as and when the signal is triggered--just so that we can keep track of how well it would fare. I want to emphasize that this is purely a theoretical portfolio -- it does not mean that I have established a position. I will post real-time positions that I establish separately. Anyway, when the signal was triggered yesterday the OEX was trading at about 460 -- and if one would have sold the OEX Jan 460 puts one would have received 11 1/2 points in premium. Now we will maintain this short position for this theoretical exercise until I get a sell signal or go flat the futures. Let's see what happens, from this point. BTW, I am looking to short the puts on a pull-back in terms of a real trade.