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Strategies & Market Trends : The Millennium Crash -- Ignore unavailable to you. Want to Upgrade?

To: Dan Hamilton who wrote (4480)	9/17/1999 11:11:00 AM
From: Arik T.G.	Read Replies (1) \| Respond to of 5676

Dan, Puts on high flyers and the NDX (QQQ) are too expensive. Here are what I believe to be the better options : 1. (best) Stay in cash (or highest quality bonds up to 2 years maturity) and bargain hunt in December. The other options are high risk, you have been warned. 2. Buy close NYA in the money puts (low i.v.) like October 630 now at $22 , or December OOM like 600 (higher risk/reward). 3. Short the QQQ (averaging into the position from now till the end of the month). 4. Sell ATM or slightly ITM calls on AMZN (October 60) 5. Bear spread on the NDX - Buy October Put 2340 for $34, and Sell October Put 2260 for $18, thus paying only half the premium, and you still get X5 if the market tanks 10% or more in one month. Of course if the NDX closes over 2340 you lose all the premium you paid. ATG