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


To: ViperChick Secret Agent 006.9 who wrote (41070)4/23/1998 6:03:00 PM
From: FJV  Read Replies (2) | Respond to of 58727
 
Ragazza Mia,

If I were so rational, I would have probably dumped the MSFT May 95 puts before the close today. I feel like I have a tiger by the tail. I am lucky that it looks pretty weak after hours - but tomorrow will be another opportunity to be squashed by Bill G. Oh well.

If I were only as confident in this trade as I was when I told you to hang on the XCIT puts (BTW - that was before you dumped them, cara mia).

Good luck to all tomorrow. I agree that there will likely be a failed rally attempt prior to the Naz dropping faster than Monica on knee pads. FMMTGE (from my mouth to God's ear).

Rainier, its really good to see you on this thread. Best regards.

Ciao Bella

Franco



To: ViperChick Secret Agent 006.9 who wrote (41070)4/23/1998 9:26:00 PM
From: Patrick Slevin  Read Replies (1) | Respond to of 58727
 
Bond getting the stuffings beat out of it here at 9:15 ET

So. I had a chance to ask an AMEX options trader and get a viewpoint.....But if he was so smart he would not be an AMEX Trader so...

The other guys I could have asked late in the evening but I was too tired. Saturday....definitely.

If you want to know, the AMEX guy is a floor guy and not a MM. His view is too simplistic for me...from the view of a MM. From the view of a floor trader it's fine. He says he knows traders who look at their tickets at 9:27 and see the red stack is larger than the black stack so they are sellers. Some guys look around and see the crowd flippin' the pads from buy to sell so they are sellers. He says there is a 20 second delay from trade to print, so his technique is to listen to the crowd.

Give me until the weekend and I'll get someone who is more skilled in pricing. I'll get some sort of answer. I was just too bushed tonight to hang around for the heavy bar session.

For whatever reason, traders can knock 'em back. I cannot keep up anymore. When will PFE come out with Viagra for whiskey drinkers?