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Politics : Idea Of The Day -- Ignore unavailable to you. Want to Upgrade?

To: IQBAL LATIF who wrote (43015)	7/15/2002 6:34:25 PM
From: IQBAL LATIF	Read Replies (1) \| Respond to of 50167

In these markets leverage is important.. My trade to bring some money in the market for someone like me who sees 880 as a good area of support is to buy.. $SPX.X SEP 1100 C (SPTIT) say 30 calls for 3 each that would be 9000 $.. that is my long side bet.. on protection .. $SPX.X AUG 750 P (SPZTJ) say 10 puts for 3400 $.. If markets break 880 we go to 790 area quick this long put will give you what I loose in calls but if after testing of 880 we bounce 1100 Sept C's I can do very well indeed.. this is a risky proposition as such I will only risk my high risk capital ( something that will not change my life style) .. For someone like me who wants to play the oversold bounce in QQQ if it ever has to come in my view this is interesting proposition that looks nice to me.. QAVLB 2.10 2.20 2.10 0.20 1000x100 07-15-2002 16:01:00 OPRA