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Strategies & Market Trends : Canadian Options

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To: Patrick Laflamm who wrote (989)	4/17/1998 6:59:00 PM
From: Porter Davis	Read Replies (3) of 1598

>>how to protect (using options)... Assuming a somewhat balanced portfolio, the typical way to protect against a market decline would be the purchase of index (TXO) puts, the sale of index futures (TXF), or less effective, the sale of index calls. Have your broker figure out the appropriate amount depending on your outlook. What a week we had in the options market...banks going haywire, Bell reaching an all-time high, Barrick slumping, Ballard slip-slidin' away, thank god it was expiry today. It seems everyone's Torex crashed at some point this week. What a system. That drum-beat of negative articles in the ROB this week against the exchange and Fearless Fleming in particular had to have been orchestrated by somebody. Maybe the slips are being greased for his ouster. Let''s hope so. We need somebody capable running the show. I'm off tomorrow for a whistle-stop tour of the States. Hope to get on the CBOE floor on Wednesday to meet some old friends and the Ballard DPM. Somebody please keep the lights on here. Bye for now. Happy trading. Porter

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