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

To: j g cordes who wrote (40019)4/16/1998 2:49:00 PM
From: Patrick Slevin  Read Replies (1) | Respond to of 58727
 
SEEK, XCIT

In his nightly option letter, McMillan has a section where he analyses the action in issues that have unusual option activity.

Last night, for SEEK, this rather dry analyst said "Insanity: no further comment"

For XCIT, "This insanity is only surpassed by SEEK. KTEL rallied to a new high at 25, but closed at 19. It's wouldn't be surprising to see the same thing in XCIT, after the earnings are digested."



To: j g cordes who wrote (40019)4/16/1998 2:49:00 PM
From: Tom Trader  Read Replies (2) | Respond to of 58727
 
Hi Jim--hope the puts work out for you

If you have enough time on them, I suspect that they will -- though with the premiums as steep as they are, it does call for everything to fall into place


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