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

To: Electric who wrote (35816)	3/2/1998 5:41:00 PM
From: donald sew	Respond to of 58727

INDEX UPDATE ---------------------------------- Technically, the markets are all overbought, but on every little pullback the market has been bouncing back the next day. If the NAZ does not bounce back a little tomorrow, such action could mean that the immediate buy on the dip mentality is starting to slow down. I am still expecting that the market will trade flat for a few more days, and that the NAZ should move back up some in a few days. This flat period is in preparation for the bigger pullback, which could have started today with the NAZ, but feel that a flat period is required for a few days. Originally, I was indicating that the pull back was to start MAR 11- MAR 13. With todays performance in the NAZ, highlighted by 2 strong down days in the SOX, I am moving the timing of the pullback up to start later this week/early next week (Thur/Fri/Mon). Subjectively, I am also feeling that the HiTechs will be taking the lead downwards. A nice move up in the next 2 days in the HiTechers could be an opportunity to initiate PUTs, which I am hoping for. DELL dropping about 7 points off its highs today is a strong indication of technical weakness. I am not saying that DELL or the other big high techs will not move back up a little over the next few days, but that today's negativity is a strong signal that it should drop more, hopefully after a small/short up movement. Interest rates were up strong today and closed at 6.024% which is the first closing above 6% in months. As to the impact of the quick increase in interest rates, lets just say it wont help the market to continue up. Will leave it to others to give a better opinion it the impact of such. OSX, the strong performance today was a good technical signal that the bottom has been established and that it should decouple somewhat from the price of CRUDE. Will be holding onto my GLM stock, and let it ride. Happy trading

To: Electric who wrote (35816)	3/2/1998 9:01:00 PM
From: ViperChick Secret Agent 006.9	Read Replies (1) \| Respond to of 58727

E. check out top options volume TBR, techs, oil...... it wouldnt surprise me that some of these TBR's were spreads.... BASE DESCRIPTION LAST BID ASK CHG VOL STOCK ----- ---------------- ------- ------- ------- ------- ------ ------- TBR C APR 98 130.000 5 1/2 5 1/8 5 1/2 +1 7/8 22033 126 7/16 TBR C APR 98 115.000 15 14 3/4 15 3/8 +3 1/4 15168 126 7/16 TBR C APR 98 125.000 7 7/8 7 5/8 8 +2 1/4 14554 126 7/16 INTC C MAR 98 95.000 11/16 11/16 3/4 -7/16 12838 87 5/8 TBR C MAR 98 125.000 5 1/8 4 3/4 5 1/4 +2 3/16 8597 126 7/16 UMG C JUL 98 35.000 1 11/16 1 1/2 1 3/4 +5/16 8482 32 3/8 DELL C MAR 98 140.000 6 1/4 6 6 1/4 -7/8 6935 135 23/32 INTC P MAR 98 85.000 1 3/4 1 1/2 1 5/8 +5/8 6627 87 5/8 MO C JAN 99 50.000 2 1/2 2 5/16 2 3/4 0 6557 43 3/8 INTC C MAR 98 90.000 2 1 7/8 2 -7/8 6461 87 5/8 OSX C JUN 98 130.000 3 3/4 3 3/8 3 7/8 +1 9/16 6160 3 3/4 OSX C JUN 98 110.000 10 5/8 10 10 3/4 +1 3/8 6002 10 5/8 OSX C JUN 98 120.000 6 1/2 6 1/8 6 5/8 +1 1/2 6000 6 1/2 CPQ P MAR 98 32.500 2 1/4 2 1/8 2 3/8 +3/4 5800 31 1/8 CPQ C APR 98 35.000 1 7/8 1 -1/8 5649 31 1/8 CPQ C MAR 98 32.500 1 7/8 1 -3/16 5610 31 1/8 COMS C MAR 98 35.000 2 2 2 1/4 0 5538 35 5/8 DELL P MAR 98 130.000 5 4 7/8 5 1/4 +1 7/8 5495 135 23/32 TBR P APR 98 115.000 2 5/8 2 3/16 2 9/16 -1 1/8 5223 126 7/16 MSFT P MAR 98 77.500 5/8 1/2 5/8 +3/16 5177 83 3/8 MSFT P MAR 98 67.500 1/16 0 1/8 0 5000 83 3/8 WALK C MAR 98 12.500 4 1/2 3 3/8 3 3/4 +1/4 4500 15 7/8 WALK C APR 98 12.500 5 3 3/4 4 1/8 +1/8 4500 15 7/8 ABI C APR 98 60.000 2 3/4 2 3/4 3 +2 1/4 4103 61 3/8 MSFT P MAR 98 85.000 3 1/8 3 3 1/8 +7/8 4068 83 3/8 MSFT C MAR 98 85.000 1 1/2 1 1/2 1 11/16 -1 3989 83 3/8 ORCL P MAR 98 25.000 1 13/16 1 13/16 2 0 3835 24 1/8 INTC P MAR 98 90.000 4 4 4 1/4 +1 1/4 3802 87 5/8 DSPC C MAY 98 20.000 1 1/4 1 1 1/4 -1/8 3715 1 1/4 ADPT P APR 98 30.000 4 1/4 4 1/8 4 1/2 +1/8 3523 26 13/16 TBR C MAR 98 130.000 2 13/16 2 9/16 2 15/16 +1 5/8 3386 126 7/16 OFIS C MAR 98 17.500 1 1/4 1 1 1/4 -3/4 3300 18 MO C JAN 99 43.375 4 7/8 4 3/4 5 1/4 -1/4 3295 43 3/8 MSFT C APR 98 90.000 1 5/8 1 1/2 1 3/4 -1/2 3271 83 3/8 ORCL C MAR 98 25.000 1 1 1 1/8 -3/8 3199 24 1/8 LU C MAR 98 110.000 2 3/4 2 5/8 2 7/8 -7/8 3142 107 5/8 DELL C APR 98 150.000 6 3/4 6 1/2 6 3/4 -1/4 3055 135 23/32 CSCO C MAR 98 65.000 2 2 2 1/8 -3/4 3038 65 1/4 DEC P APR 98 60.000 5 5/8 5 1/2 5 7/8 +2 3/8 3025 55 1/8 WALK C MAR 98 15.000 1 7/8 1 7/16 1 11/16 -5/8 3004 15 7/8 WALK C APR 98 15.000 2 3/4 2 1/16 2 7/16 +5/16 3000 15 7/8 HOT C MAR 98 80.000 8 3/8 8 1/8 8 5/8 +3/8 2890 56 15/16 INTC C APR 98 90.000 3 3/4 3 1/2 3 7/8 -1 1/8 2866 87 5/8 DEC P MAR 98 55.000 1 9/16 1 9/16 1 13/16 +11/16 2856 55 1/8 DEC C MAR 98 55.000 2 1/16 1 13/16 2 1/16 -1 1/16 2816 55 1/8 OFIS C MAR 98 15.000 3 1/2 3 3 3/8 -3/8 2800 18 CPQ P MAR 98 30.000 1 7/8 1 1/16 +7/16 2726 31 1/8 DELL C MAR 98 135.000 8 1/4 8 1/4 8 1/2 -2 2620 135 23/32 CPQ P MAR 98 35.000 4 1/4 4 1/8 4 3/8 +1 1/4 2551 31 1/8 TBR P APR 98 105.000 1 1/16 1/2 1 1/2 -1/2 2499 126 7/16