Waiting for the big Kahuna Message Board

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Strategies & Market Trends : Waiting for the big Kahuna

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To: Haim R. Branisteanu who wrote (9157)	11/5/1997 6:04:00 PM
From: Ed Pittman	Read Replies (2) of 94695

Haim... Sorry for not getting back to ya..was called out of town..The person that stated that was Martin Armstrong..It sure didn't look like a panic today.<G> Well we will give them another day. My own work has a change in direction in the Dollar and S&P on the 18th of Nov. I bought Puts in Intel a few days ago..They are working quite nicely..The premium in the OEX was just to much..Should be better now with this run up.. Last week I posted the oex was around 850..If you wanted puts and went out 110 points say to 760 it would of cost you $ 6.00...Now if you wanted that same 100 over 850 to 950..It would cost you only 5/16..They had to take the market up to kill the puts.. It was out of balance. I don't know, maybe I'm reading to much into it.. regards, Ed

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