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Technology Stocks : INTEL TRADER -- Ignore unavailable to you. Want to Upgrade?

To: MonsieurGonzo who wrote (4594)	11/10/1998 10:31:00 PM
From: Gersh Avery	Read Replies (1) \| Respond to of 11051

Steve .. Dell stuff So far there have been three runs. Two call runs and 1 put. The put run is still ongoing. I'm still refining my rules. Want to get it to a point of being able to program it to autorun. Please note that magnitude of movement would effect outcome. I think that the Nobel Prize winners of LTCM failed to read much science fiction growing up and failed to realize the impact of time travel paradox <g>. Any way the first call run was started with the purchase of 3 DLQLM on 10/21 purchase price was 2 5/8. As the stock moved up from that time there was no further "wrong moves". Sold on 11/3 after hitting in excess of 100% gain with the underlying showing signs of pulling back. bought @ 2 5/8 sold @ 6 ~115% gain ($942.50 after house fees of $70) Second call run started same day with the purchase of 4 DLQKO. Sold today when it hit the target 200% gain. Purchased @ 3/4 sold @ 2 1/8 200% gain ($480 after $70 house fees) Was waiting to pick up 3 DLQKP @1 today at close but the last ask was for 1 1/16. Now .. the put run .. this ones gonna be nice. Purchased quantity date DLQMC 3 10/21 DLQMZ 6 10/26 DLQMU 12 11/4 DLQMV 24 11/10 All purchased @ 1 with the exception of the first one which was @ 15/16. There is a current limit buy out for 48 DLQMW's @ 1. The beauty of this method is that every factor that normally works against the option purchaser is working for me. Stock moves away from me .. cool bet just doubled. Stock goes flat and time decay kicks in .. cool bet just doubled. Premiums in general go down .. cool .. no problem. I don't know when the top will hit .. no problem, whenever it does I will be in the best posture of the run. Put targets = 200% Gersh