Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: donald sew who wrote (37293)	3/25/1998 7:25:00 AM
From: j g cordes	Read Replies (1) \| Respond to of 58727

Morning Don, per S&P "Mark Arbeter, S&P's Chief Technical Analyst,Based on cycle projections, sees the potential for the S&P 500 to go as high as 1160. For the DJIA, the cycle projection comes in around 9500 and for the NASDAQ, it projects a target of 2000..."

To: donald sew who wrote (37293)	3/25/1998 7:49:00 AM
From: joe smith	Read Replies (2) \| Respond to of 58727

donald, by the close of today you will be at a CLASS 0.5 sell. today will be a huge day. 100 dow points in the bag and possibly approaching 200. techs will lead the charge and be up HUGE. you may be bored now, but in a couple weeks when you load up on puts and the market tanks, you will be smiling so much your cheeks will get cramps. i do not have any experience trading index options and would like a little insight as to what you and others are looking like along those lines. looking at spx,ndx,sox and oex. thanks js

To: donald sew who wrote (37293)	3/25/1998 7:52:00 AM
From: Patrick Slevin	Read Replies (2) \| Respond to of 58727

Futures are currently up 570, at 1122.80, Seems to be getting above the "rising tops" channel....I do not think we shall get much of a pullback. My plan is to buy a dip in the first hour with a stop, and perhaps a sell stop maybe 5 points below that stop.....giving the downside plenty of room, I admit. But the gap open should provide the only "pullback" that is significant intraday, barring major negative news. If I were still playing Index Options, I would be careful about buying puts this early. Although it seems tempting to speculate on making a killing with a small investment; the size and strength of the moves these past few days would have knocked the daylights out of option premium on the short side. There is little indication that this will not continue for a few days as Funds (for example) try to scrape every last penny into play for the end of the Quarter. Perhaps that day or shortly after. EDIT "The gap open should provide the only pullback" By that I mean there should be some attempt to "back and fill" the gap. Futures now up 620 points, at 1123.30