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Politics : Ask Michael Burke -- Ignore unavailable to you. Want to Upgrade?

To: Knighty Tin who wrote (87922)	1/4/2001 12:49:48 PM
From: ild	Read Replies (1) \| Respond to of 132070

Do you see other ideas similar to this one? Why don't they open the higher strikes? Don't they expect JPM to go much higher? Are you selling your calls? Thanx - ild Edit: What leg do you buy first? How do you manage wide spreads? Do you have to buy both positions at the same time in order to claim it as one position and limit margin requirement on short call?

To: Knighty Tin who wrote (87922)	1/4/2001 2:48:13 PM
From: mishedlo	Read Replies (1) \| Respond to of 132070

Well I for one thought yesterdays rally was far too overdone. I 100% reloaded all my PUTs this am. Back to 25% PUTs in my IRA. RIMM is a pure "Cash Cow" I tell you all. Once again I did not buy enough of them. LOL Holding tight on all my financials was the correct decision, all are well off their highs of the day. If and this is a BIG IF, the funds used all their powder on yesterdays runup, the markets are in deep deep trouble. Bought IBM CSCO RIMM and BRCD puts today. Yee Haaaaaaa! (Please do not make me take that last gloat back). We will see if the "afternoon rally" boys try and prop this up. M