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Strategies & Market Trends : Action & Options- Taxikid plays

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To: jcboatwright who wrote (1747)8/28/1997 9:48:00 PM
From: Mitch Blevins   of 4339
 
JC, take your $25,000 buy a bumper sticker attached to a new car that say's "I avoided the crash of 97".

But seriously...
If you're absolutely sure about direction and timing, then load up on puts, just barely in the money and short expiration.
But there's a difference between confidence and foolhardiness.
Your best bet is a straight short. Select the highest flyers out of the DJIA and hang on. Should give a nice return, and you won't lose your @ss if things don't go exactly according to plan.
Which ones to short depends on timing. Best to set up a watch list and just play it by ear.

~Mitch~
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