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


To: Nancy who wrote (46296)6/19/1998 8:59:00 AM
From: Kevin  Read Replies (1) | Respond to of 58727
 
Good morning Nancy. Do you still short puts on stocks that have based at a strong support? If so, check out JBL since early December.

#1 The $30 support has been tested (and has held) multiple times.
#2 20-day Bollinger Band (using 2.0 stand dev) is just above $30.
#3 W%R is generating an oversold signal & DMI confirms

I think I'm game for the July 30s this morning.

Any thoughts?

Kevin