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

To: j g cordes who wrote (32492)	1/8/1998 12:59:00 PM
From: Kevin	Respond to of 58727

Jim. Just noticed another large option trade where the trader rolled out to '99. G Jan 98 strike 55 calls....2825 were bought at 26 1/4 on 3/19. Today 2820 were closed @ 45 and 2825 Jan 99 strike 55 calls were purchased @ 47 3/8. Interesting 'little' transaction, huh?

To: j g cordes who wrote (32492)	1/8/1998 1:01:00 PM
From: Esteban	Read Replies (1) \| Respond to of 58727

Actually Jim, I was referring to index trading in the previous post without regard to options, futures or spiders. Just in regard to exiting. Also I'm assuming that one is trading an index of his choice on a regular basis and not looking to cherry pick whichever is the one out of 40 or 1000 that is so attractive today. So in a nutshell, I'm saying decide beforehand how much to trade based on the probable loss you will incure at the point you are proven wrong. If there is not a drastic change in the technicals that prove you wrong before that predetermined point, hold. That states it more succinctly. Still disagree? Esteban