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: Leland Charon who wrote (45372)	6/9/1998 8:48:00 PM
From: HoodBuilder	Respond to of 58727

Leland, what are you using to generate your support and resistance signals? I currently trade the same way, i.e. Today I was long the 540 Calls on the pullback to 9025 and sold as we rallied mid afternoon. I re-entered the calls at Dow 9050 on the pullback and stayed long overnight for what I believe will be a nice opening and morning rally to 9100-9120 by 10:30 tomorrow. After trading stocks and options on stocks for 10 years I'm winding down my positions to concentrate strictly on the OEX. Why wait weeks or months for an option to move when you only need hours in the OEX. I usually place a $1.25 trailing stop on my position and If I can't generate a $1,500 minimum profit on 10 contracts there's a problem. I am curious to hear about other strategies and signal generators.