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


To: S. Chiang who wrote (42654)5/8/1998 9:15:00 AM
From: donald sew  Read Replies (2) | Respond to of 58727
 
S.Chiang,

Per my last INDEX UPDATE, if the market drops 50-100 points, the overall market will become a CLASS 1 BUY intraday. I will then go long.

If it does not drop in the 50-100 range than I will wait till Monday to do anything. If it is today I will probably get the either the OEX MAY 540's or 545's with the intent to do a spread, initiating the second leg (selling the next higher strikeprice) after a move up, as I did with my recent PUT play.

Seeya