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Technology Stocks : How high will Microsoft fly? -- Ignore unavailable to you. Want to Upgrade?

To: taxman who wrote (19432)	3/31/1999 6:35:00 PM
From: t2	Read Replies (1) \| Respond to of 74651

taxman, the implied volatility on the MSFT April calls just dropped so much. There is very little time value left in April 80s--unbelievable! I have not seen that with MSFT a couple of weeks before earnings. I guess a lot of people made a ton of money on April calls and decided to take big profits. I remember back in August 98 when Dell released earning--the following day, the call options the 100 calls of August were selling at 19 while the stock was over 120. Just so many sellers had come out. I think we are going through a stage like that with Microsoft. Maybe it will be sign that big profits can be made with April calls if you can pick the support level (i don't mean looking at charts). You have to use instincts for that----or be good at determining market sentiment.