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Politics : Idea Of The Day

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To: IQBAL LATIF who wrote (29638)	11/9/1999 4:05:00 PM
From: IQBAL LATIF	Read Replies (1) of 50167

<<, the best strategy for protection of profits is that I keep 'buying of out of money puts' with 5% of move every day, in a climate like this you will always see your levels because you are paying diminished premiums as market makes new highs. I also keep shifitng the heavily in the money calls with out of money..>> Got out of NOV JPM 120's BRCM (the new out of money that came into money)NOV C45 MER NOV 70's and trying to play test of gaps with Nov 1350 long puts with some of these nice runs.. totally expecting to lose 1/2 of the premium if number comes good I have sold some Dec 1280's.. will leg out at 1352 from long put or 1372 from short 1392 from short Dec. funny game but trader has to make trades and have to be in the market....fwiw

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