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.

Politics : Idea Of The Day -- Ignore unavailable to you. Want to Upgrade?

To: Stash who wrote (20854)	10/9/1998 10:00:00 AM
From: J.T.	Respond to of 50167

Stash, Keep an eye on this first pullback. If it goes and tests the highs and falls short of blowing thru, a good time to go in and buy NOV SPX 990 puts or closest strike price to 990 since I do not have option montage at my fingertips. If it blows thru first high establised intramorning, SIT TIGHT. Only take 1/3 of your powder to the table and you must be able to lose this entire investment although this shouldn't happen since you are in the money. If SPX is too rich, use NDX as proxy for COMP with same philosophy. Buy in the money strikes that you are going to get the most bang for your buck with the resources you have to play with. I will be in and out of meetings today and totally away from my desk. Good trading. JT