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Strategies & Market Trends : Option Trades -- Ignore unavailable to you. Want to Upgrade?


To: Broken_Clock who wrote (949)3/24/1998 1:20:00 AM
From: Art C.  Read Replies (1) | Respond to of 2341
 
PK----Please elaborate on your comment,"SLB is a buzz saw". I bought some APR 80 call options on SLB Mon. expecting to get a pop from the OPEC hype. What's your take on the oil mess? They have been scraping the bottom for 6 months and are due for an uptrend, especially with travel season coming up. I noticed that every analyst on CNBC Mon. did their best to put a negative spin on the production cutback, but because of the low prices, I think that desperation is setting in. Those shieks can't afford all those wives the the present low oil prices.

Art



To: Broken_Clock who wrote (949)3/24/1998 10:33:00 AM
From: scotty  Read Replies (2) | Respond to of 2341
 
PK,ag and gang,I'm trying a new strategy.I look up the top performing sectors and open puts on a stock in those sectors when that stock turns down.The airlines were number 1,with the banks number 2.....I opened JPM april 140 puts this morning.JPM turned down yesterday.