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Strategies & Market Trends : Zeev's Turnips - No Politics
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To: mishedlo who wrote (6357)11/16/2001 11:37:49 PM
From: 4rthofjuly007  Read Replies (2) of 99280
 
Do you know anything about Rydex funds?

They have a fund that moves 200% inverse to the NDX. Like most funds you can only buy and sell at the closing price of the day but you get leverage without the "do or die" type risk in options. I bought Dec. 34 QQQ puts at comp 1840 and thes puppies are down 40%. I can certainly stomach the volatility but were getting to the point where I'll want to see signs of a breakdown soon or I'll need to make some kind of decision.

What do you think about Rydex?
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