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To: L. Adam Latham who wrote (165246)5/18/2002 12:13:29 AM
From: kapkan4u  Respond to of 186894
 
<What's your exit strategy on these puts? Looks like they're down around 20%. Do you bail out at a certain % loss, or will you hang on assuming a dip back down into the $20s? I don't play with long puts, so I'm curious how you handle the ones that turn against you.>

I don't have a strategy. What I do will depend on the market and economic news for the next few months. I would probably buy some more October or January $37.5 and $40 if INTC goes up to $32.5 and $35 respectively.

Kap



To: L. Adam Latham who wrote (165246)5/21/2002 3:13:20 PM
From: kapkan4u  Read Replies (2) | Respond to of 186894
 
<What's your exit strategy on these puts? Looks like they're down around 20%. >

Now I am up 25%. Things change quickly in this market. Too bad INTC didn't get up to $32.50 for me to double up on puts.

BTW, I think we are heading into a crash in the DOW of 500+ points in one day within the next month or so. Watch the dollar falling.

Kap