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Pastimes : Home on the range where the buffalo roam
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To: mishedlo who wrote (9680)2/3/2001 2:24:21 PM
From: Zeev Hed  Read Replies (1) of 13572
 
Well, these are supposed to be "conservative" accounts, option strategies are not that conservative, you can get wiped out with such a large put position in one day if the Feds decide to panic and lower rates again by end of next week if CSCO disappointment creates a mini panic. Last time the feds surprised, we had a swing of 14% in half an hour or so.

Zeev
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