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Politics : High Tolerance Plasticity -- Ignore unavailable to you. Want to Upgrade?

To: Tommaso who wrote (1424)	3/12/2001 3:38:41 PM
From: Ian@SI	Read Replies (1) \| Respond to of 23153

T., Agree that deep in the money options have very little time premium. However, you're still paying $2800 or $2500 for $14000 of insurance. If the market stays flat or goes down between now and expiration, you get your money back perhaps with a profit. However, you're now fighting both the Fed and the longterm trend. I guess the logic escapes me for paying so much for insurance that is unlikely to be required; and that has about a 78% probability of complete loss of premium if held to expiration. I readily concede that if you find this to be a worthwhile strategy, then so be it. For YOU! Ian.