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Politics : Ask Michael Burke -- Ignore unavailable to you. Want to Upgrade?

To: Knighty Tin who wrote (96981)	7/24/2002 3:54:33 PM
From: Petrol	Read Replies (1) \| Respond to of 132070

I'm shocked that they haven't told us Bin Laden is dead yet.

To: Knighty Tin who wrote (96981)	7/24/2002 4:03:50 PM
From: Tommaso	Read Replies (1) \| Respond to of 132070

I have to say I really love my DJX LEAP puts. They are still selling at a negative time premium, though it has narrowed from 10% to about 2%. As they move on towards expiration date (December 2003) they ought to develop a positive time premium of as much as 10%, meaning another 12% move in my favor quite independent of their intrinsic value. The action today has only knocked them down about as much as the percentage rise on the Dow, and any resumption of the market decline is leveraged. Of course, with perfect foreknowledge, I might have sold them yesterday and bought them back today.

To: Knighty Tin who wrote (96981)	7/24/2002 4:08:18 PM
From: Tommaso	Respond to of 132070

Did sell my JPM and QQQ puts yesterday. Just luck. And when the market drops 10% tomorrow, it will still be just luck.