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Strategies & Market Trends : Waiting for the big Kahuna -- Ignore unavailable to you. Want to Upgrade?

To: Lee Lichterman III who wrote (43514)	9/18/1999 2:09:00 PM
From: keith massey	Respond to of 94695

Lee I personally wouldn't buy puts yet since premium erosion is fast Your not kidding.... I would suggest that anyone playing the options more than a couple of week out go and look at the charts for all the OEX options that just expired (Sept). In almost ever case anyone that bought PUTS or CALLS at any strike price LOST money if they held to Sept 15.... even if they didn't hold you have to be amazing with your timing to beat the guys putting the premiums on the options. By the way Lee... that was a nice call on the Max Pain area.. Best Regards KEITH