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Strategies & Market Trends : Value Investing -- Ignore unavailable to you. Want to Upgrade?

To: Bob Rudd who wrote (15011)	8/1/2002 1:40:02 PM
From: Allen Furlan	Respond to of 78625

Bob/thread. During these difficult markets I always look for some hedge or protection. At beginning of week sold 20 dyn 2004 puts at 2.5 strike for 2.15(cost of stock at .35 if assigned) Mid week bought 2000 dyn at 1.96 and sold 2004 2.5 calls for 1.05, net cost .91. Did similar hedge for aes couple of months ago but still under water. (water less deep than plain buy) Posted to Paul Senior that way to play tyc is put sell. Currently short Aug 7.5 and Jan 5 puts. Bought 500 nvda at 11.25 and sold 10/2005 calls at 3.9, net cost of stock at 3.45 if assigned. Have an extensive option August put/call position in cof which is profitable from 24 to 37 and added 10/10 Sept 17.5 put Sept 40 call combo today for 1.8(profitable from 15.7 to 41.8) Point is that often a well placed option position is worthwhile if one has confidence in the underlying.