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: donald sew who wrote (42674)	5/8/1998 10:19:00 AM
From: ViperChick Secret Agent 006.9	Read Replies (1) \| Respond to of 58727

so much for my put... sheesh...this market just bounced can someone explain how these eco numbers were good news??? edit: well here is one guys op. To: +rrman (18144 ) From: +Haim R. Branisteanu Friday, May 8 1998 8:48AM ET Reply # of 18174 This morning employment report is also reassuring. Services are up manufacturing are down - my read the economy is cooling, exports are slowing the dollar will slide. Those events will impact services unemployment will start going up and if SE Asia recovers inflation will move up. All indicators IMHO tell the FED not to raise rates. Stock market will slide as a result of lower profits but IMHO it is not ready yet. BWDIK Haim

To: donald sew who wrote (42674)	5/8/1998 10:30:00 AM
From: ratan lal	Read Replies (1) \| Respond to of 58727

donald Since I did not want to play the news this morning, I closed out of both positions yesterday by selling my 540's for 12.50 and buying back the 530's for 7, which gave me $5.50 - $.87 = $4.63 profi If you had not sold the 530 puts, you would have made 12.50-4.75=7.75 whcih is almost double the 4.63 you made by selling the 530 puts. Is that because you had twice the number of options?? ratan