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

To: Peter Stier who wrote (58329)	1/31/1999 12:06:00 PM
From: sean sanders	Read Replies (5) \| Respond to of 58727

Peter, I'm somewhat new to options trading; would you mind answering a few questions? I'm looking at the option volume that VLSI had on friday ... 1. I thought someone had to sell you a contract for you to purchase one. Is there ever a problem with say you wanted to buy some contracts of xyz jan 00 calls and noone is selling? 2. With thinly traded contracts like VLSI is one usually stuck with the ask price when buying? 3. When you sell the contract is there ever a problem with there not being buyers? or will the MM's just buy it at the bid then? Sean

To: Peter Stier who wrote (58329)	2/1/1999 11:16:00 AM
From: otter	Read Replies (1) \| Respond to of 58727

Peter.... as you, I've every expectation that the position I have with VLSI will be good for me. ERP: Leaders - SAP, Oracle, Peoplesoft, JD Edwards, BAAN, etc. A good article on 'best of breed'.... artemispm.com . Problem with the sector is that it's overpriced..... Violates my rule of buying options in companies that have been beaten down for no very good reason. Oil drillers: Beaten down. Yes, but in my opinion, for a good reason. The world is awash in oil. Record low prices. Little Iraqi oil is reaching market. OPEC is ineffective. and more. Will it change? Yes - later in my opinion than sooner unless the world blows up.... Might be a good VERY long term play. What do you think? In the last year, the options focus has been mostly in the technology sector (TXN, CPQ, INTC, VLSI). Only reason I don't have options on PZZA and RCOT is that LEAPS aren't offered. (I'm long on both). Actually, given the strength of the stock market overall, I've pulled in my horns a lot (except for VLSI).