Win Lose or Draw : Be A Steve, Make A Call Message Board

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Strategies & Market Trends : Win Lose or Draw : Be A Steve, Make A Call

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To: Win-Lose-Draw who wrote (939)	2/6/2003 10:05:01 PM
From: t2	Read Replies (1) of 11447

WLD, This quote is what really interests me. "The manager wanted to buy puts and buy the underlying QQQ, a trade often referred to as a 'married put,'" whereby the put serves as downside protection for the long position, Najarian explained. The idea of having to buy the QQQ to make the large put buy possible without moving the markets too much. The article makes it net long but maybe the intent may be the real question.. So over time, he is bailing out of his QQQ longs and left with the puts. Here is another quote posted by Ork with someone else's commentary. Seems quite bearish. Message 18547613

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