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To: mishedlo who wrote (9680)2/3/2001 1:32:29 PM
From: mishedlo  Read Replies (1) | Respond to of 13572
 
For the upcoming disaster, I have a huge basket of PUTs.

Oddly enough, EMC which does not move much down at all in normal circumnstances, could prove to be one of the better plays. The premiums are cheap because of its lack of volatility. Do you see EMC re-testing the lows at 50 or so?

IBM is another one. It has a huge gap waiting to be filled, and I think it will be filled.

If you have any advice I am open to any and all suggestions.

M



To: mishedlo who wrote (9680)2/3/2001 2:24:21 PM
From: Zeev Hed  Read Replies (1) | Respond to of 13572
 
Well, these are supposed to be "conservative" accounts, option strategies are not that conservative, you can get wiped out with such a large put position in one day if the Feds decide to panic and lower rates again by end of next week if CSCO disappointment creates a mini panic. Last time the feds surprised, we had a swing of 14% in half an hour or so.

Zeev


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