scotty.
i agree completely with your trepidation; not only MU but alot of them have been impossible to call (or put..)
my post was a delayed response to ag, (and the intel query last week about a straddle)a general earnings alert. i should have said "speaking of disappointments" not puts, to avoid the impression i thought puts in order here. at the lows, you are right; how much is built in, how much is actually even a factor in the climate of turmoil remains to be seen, not called (or put...)
thanks for the history; i wish we could all save hits by acknowledging those of others before, and save each other that particular pleasure. i have become a very good listener lately...
as for options: i still feel the oex puts are the purest play. i will watch carefully futures trading,etc. tonight, but, like you, i am wary. there are simply too many variables at work with individual issues: the vagaries of the world at large only compound and/or cloud internal weaknesses, etc.
i have to stick with the index.
randy |