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

To: Patrick Slevin who wrote (41427)	4/27/1998 10:15:00 AM
From: Dwight E. Karlsen	Read Replies (1) \| Respond to of 58727

Patrick I waited until about 6:50 and sold; 63% profit. -G- I looked at the May SPX calls for a bounce, but the premiums are out of this world, at-the-money SPX May 1095 were 21-1/8. like right, forget that. I'll wait and see about shorting the spike, if there is one. If not, then I'll just wait out the rest of the day and see what tomorrow brings. I'm not really set up to do day trading, for instance I have no way of getting r/t numbers on the MSH index. Schwab is no good for that. All I can do is go by the quotes for the options to know what's happening. Well I've made my trade for the day, and I like to pause after a successful round of trades, and kind of wait to see how the mkt settles out...premiums drop after everything has kind of settled down.