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

To: sam_o who wrote (4609)	11/10/2001 9:54:50 AM
From: tennessee_ted	Respond to of 99280

Try cboe.com

To: sam_o who wrote (4609)	11/10/2001 11:31:13 AM
From: mishedlo	Respond to of 99280

I would suggest leaps actually (from the Dec bottom if we have a good one). Read up on the book called leaps. Options are best reserved if you expect a big move in a relatively small period of time. Or with leaps, a sustained move over a period of time. Right now the premiums on options are quite high. One reasonable way to play this downtrend is to buy QQQ puts. Say Janurary. This is betting that MSFT CSCO INTC drop pretty big, however, cause if they keep rising this market just is not going down. Another choice would be to bet against something like AMAT or C or KRB and hope on a test of the low. Two choices that have quite cheap options would be KRB Dec 30, and ODP April 12 1/2. If either of these two test the lows on the chart they will be quite profitable. In general options on NYSE stocks are much cheaper and a C plunge to test the bottom would be more profitable than some tech stuff that might fall a little farther. MU dec 25 might be a decent play even if it only falls to 20. DEc 25 are 2.65. If we fall to 20 you have a near double. The keyword is IF. Ask larry about how frustrating MU can be. Don't bet it all on tech and don't over commit. M