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Non-Tech : ACCO: 800America.com, Inc
ACCO 3.440-0.1%3:37 PM EST
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To: Crimson Ghost who wrote (391)2/8/2007 1:32:46 PM
From: LTK007   of 694
 
i am a hedger. i have bought 500contracts for AprilQQQQ49calls at price of 10cents(49 equal to about NDX/1960).
To protect 187,000 dollars C/B. Cost of insurance 5,000 dollars.
Why--we have a year 2000 set up. It is early February, we bust downwards or explode upwards, this side ways action is can't last.
If the move is upwards i believe it will be fast and furious, a charge for NDX 2000. My paper loss could build to 90 or 100k. That is why the hedge.:) Max
for my own reference my calls are QQQQDW.X
record of transaction
49.00 QQQDW.X 0.10 0.00 0.10 0.15 500 51
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