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

To: Electric who wrote (37849)	3/31/1998 9:30:00 AM
From: Patrick Slevin	Respond to of 58727

I think Donald has to change his priority. Instead of buying the dip I may sell the rally....the bonds are back where they were Friday. You could have a lot of movement and not catch it correctly. My early guess is to short the rally. But that's been a no-brainer for days. A tick on a stock may be an eighth, let's say. A tick on the S&P contract is 0.10 Say the S&P contract is at 1108.50, the nearest uptick is 1108.60 If you own one contract, it's value just increased $25. If it had downticked to 1108.40 then it lost $25. I've been tracking it and watching the S&P closely for about 17 months but only jumped in after the OEX split last Fall.