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To: Matthew L. Jones who wrote (26611)9/21/1999 7:42:00 PM
From: Benkea  Read Replies (3) | Respond to of 99985
 
"I managed to lose $4000 last month in QQQ puts,"

And I lost $75k (100%) on July QQQ puts (which were up almost 30% for me the first day I bought them) :(((



To: Matthew L. Jones who wrote (26611)9/21/1999 8:26:00 PM
From: Haim R. Branisteanu  Read Replies (3) | Respond to of 99985
 
Matthew, I am only selling option who have high IV of over 45% but not internuts. If I buy I always hedge. It is expensive but safer.

Even now I shorted the QQQ at 126 and sold the Oct. 120 put for 2 3/8.

BWDIK
Haim