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Strategies & Market Trends : MDA - Market Direction Analysis
SPY 671.910.0%Nov 14 4:00 PM EST

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To: pater tenebrarum who wrote (28440)10/5/1999 3:31:00 PM
From: Jacob Snyder  Read Replies (1) of 99985
 
Heinz:

If you don't mind me asking, what puts are you buying?
I've got, now, 11% of my portfolio in QQQ puts, 110 strike price, various expiration dates (3/00-1/01).

The Fed's sword is going to hang over the market, through at least March 2000, and my guess is, much longer, maybe through the end of 2000. Until the market is convinced that the Fed is done raising, all rallies will fizzle. I think index puts are going to do well, but I'm a bit worried that I chose the wrong index.
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