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: jjs_ynot who wrote (40442)	4/20/1998 5:36:00 PM
From: Dwight E. Karlsen	Read Replies (1) \| Respond to of 58727

dave re The broadest index is the only one that I am comfortable with at the moment. With the vicious rotation; there is too much opportunity to get whipsawed. I am going to play SPX for a while until I can get a better fix on what is going on. You explain very well why I have been in the SPX. I played the SPX very profitably with puts on the Apr 6-8 downdraft...that said, the premiums are outrageous, and I'm very selective on entry points. I'm not a day-trader, but try for 2-4 day holds. I bought 1 put on Friday, held onto it today, and will probably be looking to add to those puts tomorrow. I have the May 1120s. Even so, I know I'm dancing on thin ice trying to make money in index options, even with a broad index like the SPX.