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Strategies & Market Trends : Pump's daily trading recs, emphasis on short selling
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To: Jim@Inland who wrote (5810)10/13/2001 3:26:23 PM
From: Dale Baker  Read Replies (1) of 6873
 
I have a few WEBX March 15 puts - if WEBX crashes as forecast, they will stay pay off nicely and if not, my total downside is 1.90 per contract.

Long-term puts are a decent way to play crash and burn candidates if you aren't sure of the timing and have a problem with margin calls or buy-ins during a squeeze.

Wish I had done the same with HOMS when it was trading around 30.
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