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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 (34135)	1/26/1998 10:31:00 AM
From: Kevin	Read Replies (2) \| Respond to of 58727

>>>can you please explain what you mean by basing at 100 it is staying underneath 100 right now..at least for two days and bumped up against it on the 23th.<<< IBM has had a good base at $100 for a couple months now. Sure it has dipped below and traded below that level before (in December a couple times) and is doing so now, but it still continues to rebound back above that level. I'll wait to short puts until IBM breaks back above $100. I may consider entering the trade if the bottom bollinger band (97 3/4) is tested and holds, but I'll have to wait and see. When shorting puts, I accept that the stock may dip below a support as long as I feel that it'll stall near that level and then possibly rise. Unlike going long calls, I'll make money on such action. See ya.