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


To: Patrick Slevin who wrote (43512)5/19/1998 1:31:00 PM
From: Kevin  Read Replies (4) | Respond to of 58727
 
Patrick, I think the top is forming for the day @ 1113, and I'm seeing selling beginning b/t 12:00 and 12:30 that could bring us down below 1110. That's not much of a move in itself, but if the FOMC announcement pushes the SPX higher with my downside scenario still holding, I may actually enter puts late this afternoon.

How 'bout you? How's the activity look from your side?

Thanks,
Kevin



To: Patrick Slevin who wrote (43512)5/19/1998 3:00:00 PM
From: Electric  Read Replies (1) | Respond to of 58727
 
Patrick,

I have been ill all day, sorry for being negligent..

Not until the last 30 min has the market moved out of the boring 50-30 point area it was in, and the S&P hasnt moved much at all..

I hope I dont read the answer in future posts, but did you leg into any position?

Thanks..