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Strategies & Market Trends : Market Gems:Stocks w/Strong Earnings and High Tech. Rank -- Ignore unavailable to you. Want to Upgrade?

To: Jenna who wrote (13550)8/28/1998 7:15:00 PM
From: davep  Read Replies (1) | Respond to of 120523
 
One bullish market indicator was the oex index put option premium decay at the end of the day.
At 1:46 p.m. I bought sep 460 oex puts bid at 4.125 with the Dow at unchanged the dow then went to -75(at 2:23) where i sold at the bid of 4.75.When the market fell to -114 at the close those options were bid at 4.50.I guess the floor guys are gonna drive this thing up monday a.m.Anybody else notice this put premium decay?


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