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

To: j g cordes who wrote (35180)	2/18/1998 11:59:00 PM
From: Patrick Slevin	Respond to of 58727

My plan is always different than yours would be. I can be in and out very quickly. The Delta is 100% in S&Ps, if you make a point or lose a point it's a point. No VOL, no VEGA, etc. I believe the market has a good chance for a selloff in the afternoon, but I'll be playing for a morning selloff first, covering by mid-day if there is a bounce. Perhaps going in on the short side again in the afternoon. I think one thing I mentioned in my original message was that I would rather be on the short side these days, but there are a lot of bodies left on the trail, Cowboy. So caution dictates that an option player picks his/her points carefully for a short. Perhaps once the market sails over 8500 a place will be there to grab some March puts.