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Pastimes : The Naked Truth - Big Kahuna a Myth -- Ignore unavailable to you. Want to Upgrade?

To: re3 who wrote (63626)	9/22/1999 6:05:00 PM
From: pater tenebrarum	Read Replies (2) \| Respond to of 86076

Ike, i'm also considering to add some far otom puts as soon as we bounce again...but the october cycle is too short for me. i'd consider december and january. i used to trade low-priced options in big lots as you can sometimes get an easy 100% profit when demand for a certain class of options is very high (e.g. OEX puts during the last april expiration cycle...i made quite a few trades that time buying at 1/16 or 1/8 and selling a teeny higher). but it only works well in the right circumstances and you have to buy lots of contracts to make it worth your while. of course a BK would produce a big profit on the DJX 90 puts...i wonder sometimes at the people selling those puts. the risk/reward seems out of kilter in terms of the ever-present systemic risk.