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To: re3 who wrote (59350)8/30/1999 3:20:00 PM
From: Jorj X Mckie  Read Replies (2) | Respond to of 86076
 
Ike,
I am already loaded up with puts on the nuts so they are worth it to me. Best to look at them for shorter term plays if you buy September expiration as the prems do disappear. However, often where the prems are high, it is a good indication of the direction. Best to buy the puts on a bounce so where the prems go down a bit.

so the answer to your question is "it depends".

JXM