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Politics : Idea Of The Day
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To: IQBAL LATIF who wrote (17930)4/15/1998 1:53:00 AM
From: steve susko  Read Replies (1) of 50167
 
Hi Ike,

Have you designed your play on the BKX? I think this index has run up too much. How does a September bear put spread look good to you? Long in the money BKX index option and short out of the money; leg it in for a no cost spread. Probably one or two mergers will happen before BKX consolidate and trend lower for a couple of months or so.
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