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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 (34180)	1/26/1998 3:10:00 PM
From: MonsieurGonzo	Respond to of 58727

Lisa; RE:" IBM " I cannot read IBM right now, Lisa - which is why I posted a query about the next, perceived support for it. The gap-down open after earnings disappointment made what is called a Kicking Candlestick, which in this case is slightly bearish. We can see the 200d EMA and other indicators pointing to ~96. Connecting the dots for long-term trend shows him on the line at 98.7 >I want to play IBM...but I need a higher percentage of reliability than kevin does... I applaud your patience, grrrl. I do not see any clear and present opportunity other than the horizontal trading range that Kevin has been playing, and the long-term UpTrend which is at about ~98.7 Were I inclined to play IBM options right now, I would probably execute that Call Ratio BackSpread type of tactic, which would make a little money if IBM tanked and a lot if it rallied - and only lose money if it ended up (unchanged) at ~99 on options expiry. -Steve