Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: MonsieurGonzo who wrote (34029)	1/24/1998 10:56:00 PM
From: donald sew	Read Replies (1) \| Respond to of 58727

Steve, My technical analysis is limited to the short and mid-terms (up to 2 months), thats all. However, I did an extensive simply chart read of the DOW, SPX, COMP. Denver will win tomorrow, since my read is that the market will be basicly a down market for 1998. >>> ggggggg <<< On a serious note, I am noticing head and shoulder patterns on the DOW and SPX, dont know what to make of the NAZ's long term projection. Take a look at the pattern of the SPX: 1) LAST 3 TOPS: 12/5 @ 984, 1/5 @ 977, 1/20 @ 979. Basicly they were the same forming a triple top. 2) LAST 3 BOTTOMS: 12/12 @ 953, 12/24 @ 933, 1/24 @ 912. Each bottom of a short-term cycle was lower. On a chart, draw a straight line connecting these points - it doent look great from a simple chart read. This is far from conclusive and needs confirmation. As I had indicated in previous posts, this past week was crucial. I believe that last week and the next 2 weeks are extremely crucial in determining the longer term direction of the market. I strongly believe that this period could be the pivot point as to the direction of the overall market for 1998. For the immediate short-term, not sure of the direction. For the mid-term we are still in range-trading-trend For the longer-term, feel that we could go into a downtrend, with the bottom of the DOW at 6500. This is only from a simple chart read and needs alot, alot of confirmations. Do not put alot of credance to this since it is based on limited data, just one man's interpretation of a simple chart read. But in light of this, Denver will win >>>> ggggggg <<<<< Seeya

To: MonsieurGonzo who wrote (34029)	1/24/1998 11:43:00 PM
From: sergio	Read Replies (1) \| Respond to of 58727

Just wondering if anyone noticed the 12,000 contract traded on OXY Feb98 35 puts. biz.yahoo.com During the day I saw this as two trades at 6,000 a piece. However, I checked again today Saturday and this has been reduced to 2,000 contracts only. What happened? Was the 10K busted? I was curious if this was done by an arbitrageur, since at that time when I noticed the trade, OXY was trading at 25 5/8 by 3/4 bid the Feb35 Puts were at 9 1/8 by 9 3/4, and no block of stocks traded. I would've expected the arbitrageur selling the puts (due to below parity) and sold the shares for a locked in profit. I guess only large traders can spot this "below parity" trades. By the way the lots of the options on OXY are near parity I would say by about 1/4. Sergio