NSCN and LRCX 2 other straddles from yesterday breaking down nicely. We anticipatied the NSCN and LRCX moves and emailed the straddle early in the session.
11:52 a.m. LRCX February 30 Puts LMQNF (0.55) Notice how all our tech shorts have triggered. In fact LF and ZIXI posted for upside are indeed up, only SCHN didn't move, but the morning slight gap probably killed it.
SLNK very nice bounce off the 20 today still in play on the long side. No earnings tonight to get in the way of the play, however, I would always lock in profits especially after it takes out the prior high or 25.70 area.
marketgems staff
NSCN
Wed Jan 21 15:06:08 2004: marketge Now NSCN is reporting.. and that could be a mover down.. like we said..and SWKS on our short list for a break after the report..all possibilities but second tier plays.. and those will be concentrated upon more in February when we can allocate enough time and not have to contend with the major techs.. Wed Jan 21 15:06:39 2004: marketge now we have that dip in MERQ which is typical..
Wed Jan 21 15:34:03 2004: marketge NSCN the February call options QKNBF are now priced at $1.40, the February 25 puts are QKNNE at $0.40.. Wed Jan 21 15:34:36 2004: marketge let me get the chart from Tuesday Wed Jan 21 15:35:17 2004: bbgold Gotta go, Enjoy the Evening Everyone! :^) Wed Jan 21 15:35:56 2004: marketge
Wed Jan 21 15:37:38 2004: marketge those gaps are where they fell the prior two quarters