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Strategies & Market Trends : Zeev's Turnips - No Politics -- Ignore unavailable to you. Want to Upgrade?


To: Steve Lee who wrote (2589)11/1/2001 4:50:22 PM
From: Jdaasoc  Read Replies (1) | Respond to of 99280
 
Never held so much of my assets in options before

Correct me if I am wrong. Long puts don't count to purchasing power to buying equities or holding ohter instruments that require purchasing power. I would guess you would not reverse course and go long without unwinding many or all of these positions fairly simulaneously.



To: Steve Lee who wrote (2589)11/1/2001 5:07:02 PM
From: LTK007  Read Replies (1) | Respond to of 99280
 
have any hedge Steve? just in case of a non-economic positive event that could blast market upwards-i myself would be looking to hedge with way out of the money cheap calls that would nonetheless end in the money if such an event were to occur.Max



To: Steve Lee who wrote (2589)11/1/2001 7:54:03 PM
From: Mark Johnson  Respond to of 99280
 
Thanks Steve for your effort to help the US economy by balancing our American markets with your contribution through your short interest.....I wish more foreign counterparts shared your generous view.....I especially liked your view hoping we had a couple of ugly weeks ahead......

<<<"could be a very ugly couple of weeks ahead." I hope so.>>>

Good Luck,

MJ