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

To: Patrick Slevin who wrote (42345)	5/6/1998 9:53:00 AM
From: donald sew	Read Replies (1) \| Respond to of 58727

Patrick, >>> One approach of course would be to leg out of the 530 position. Or just trading them.....buying them in on rallies, selling them back off on dips. Just a thought....depends on how quickly you can pull off the trade. <<<< I was thinking about that also. Also as time moves on the 530 PUTS should drop in value faster than my 540's. I realised that I minimized my profits if I do not hold them till expiration, but I substantially reduced my risk capital but maintain a high profit potential of 78 cents to make 10.00 if the OEX closes at or below 530 by expiration. Not much to worry about. Seeya