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


To: Electric who wrote (31934)12/24/1997 12:09:00 PM
From: Kevin  Read Replies (1) | Respond to of 58727
 
>>>Did you get in on IBM at 98?? I am telling you that our boundaries work here.. I didnt, waited for a 96 move but didnt happen.<<<

Hi Electric. Happy Holidays.
I actually shorted Jan 100 puts on IBM when it first dipped to $100. It quickly rebounded to $104 and change, but I did not close. I'm currently losing $625 but I'll bepatient and watch the premium vanish.
I entered this trade when I was taking a break from posting....

Did the same thing with INTC Jan 70 puts...that position is about break even right now...

Take care!