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Politics : Ask Michael Burke

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To: The Perfect Hedge who wrote (23989)	10/25/1997 12:58:00 PM
From: Knighty Tin	Read Replies (1) of 132070

GD, first, I would say you have a lot of guts in this market to think about buying 75 k worth of calls on anything. -g- I assume the 75 k is the 10 part of your 90/10 portfolio. If it is 100 pct., then divide all my answers by 10. I would use a thirds technique. I would buy 25 K worth of calls at the next pullback, the second third if it pulled back more, etc. I would probably buy one or two strike prices out of the money, as that is where you get the most bang for the buck while still having a decent chance of coming true. I would also sell the position in thirds. True, this isn't a true gamble, but I'm just too conservative to play one pony in one swell foop when I know the jockey could fall off. -g- MB

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