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


To: AlanH who wrote (50271)8/19/1998 3:43:00 PM
From: Lee  Respond to of 58727
 
Alan,..Re:<<Are you still long SEP bonds?>>

Bought Sept 124 put for 23 last Friday when US8U got up to 124^14 and the put got stripped some 25 ticks so it looked like a temporary bargain. Was looking for 10 ticks but sold yesterday for 29 on the tyx run up to 5.71% since they expire Friday and not safe for holding longer. Would trade more but 'flight to quality' buying completely throws off the normal ebb and flow of bonds from when they are just concentrated on US fundamentals so I'm waiting for things to get more focused domestically. But if I see a bargain either way, I'll usually play it.<VBG>

Have noticed lots of days when the SPX followed Tyx very closely. (Same as bond disconnect but I watch tyx). <G>

Regards,

Lee