VIX Continues To Reverse

  • January 25, 2001
  • Dave Landry

For those looking for an option play on Genetech
(
DNA |
Quote |
Chart |
News |
PowerRating),
mentioned in my Stock Outlook, the in-the-money and at-the-money puts appear to
be fairly priced.

Biotech
(
$BTK.X |
Quote |
Chart |
News |
PowerRating)
appears to be stalling out near its recent highs (a). Look for
buying opportunities in puts and put spreads here.

src=”https://tradingmarkets.com/media/images/Landry2/btk012501.gif” width=”470″ height=”320″>

For you OEX traders,
the VIX
continued to climb form relatively
low levels on Thursday. Continue to watch for buying opportunities in puts and put spreads
here.

src=”https://tradingmarkets.com/media/images/Landry2/vix012501.gif” width=”470″ height=”320″>

Best of
luck with your trading on Friday!

P.S. Reminder:
Protective stops on every trade!

src=”https://tradingmarkets.com/media/images/Landry/land-dlst.jpg” width=”94″ height=”132″>