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Pastimes : Clown-Free Zone... sorry, no clowns allowed

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To: Lucretius who wrote (243473)6/2/2003 2:46:03 PM
From: MythMan  Read Replies (1) of 436258
 
RealCommentary from TheStreet.com
Girding for Industrial-Strength Upside
Monday June 2, 1:04 pm ET

By James J. Cramer,

If I were on a sell-side desk right now, I know just what I'd be selling hedge funds: protection. Not the kind of protection you're thinking of -- I would be selling them upside protection. I would offer a basket of calls on some stocks that I think could have radical moves to the upside.

What kind of stuff would be in the upside protection basket? Summer dated calls up two, three, four or five points in names like Dow Chemical, GM, DuPont, 3M, Honeywell, IBM, International Paper, Alcoa, Boeing and Ingersoll-Rand.
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