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Politics : Idea Of The Day -- Ignore unavailable to you. Want to Upgrade?

To: IQBAL LATIF who wrote (28059)	8/10/1999 5:33:00 AM
From: the options strategist	Read Replies (1) \| Respond to of 50167

..I will like to trade an exotic instrument that is QQQ and SPU options if this 1290 break occurs, my strategy would be play the difference of momentum. IQ, what does "play the difference of momentum" mean? Thanks. jj

To: IQBAL LATIF who wrote (28059)	8/10/1999 1:09:00 PM
From: IQBAL LATIF	Respond to of 50167

I am squaring my long puts of Aug 1250 and short calls of 1380 Sept at this area 1279 on SPU.. expecting that market will hold above the 1282 area... I will again reestablish 1250 1380 combo if SOX breaks 491 or DOT or NDX takes out 450 or 2111, at the moment a net of 3.7$ on this calender spread of Aug Puts and sept calls is a good wager for today's downdraft.. if we have room for second trade we will get in. I think DOW 10410 is now on cards so is 1250 puts which I am long and premium are juicy.. keep them running the long puts are insurance for that big one oterhwise inter day trades where we chip in are great tools.. I will at 10410 on DOW will get out 1250's.. long Puts or if we see a move up from here to 1305...