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To: Jack of All Trades who wrote (67517)	2/27/2003 12:09:47 AM
From: mishedlo	Respond to of 209892

yes but... Most of my funds are in an IRA M

To: Jack of All Trades who wrote (67517)	2/27/2003 12:21:55 AM
From: mishedlo	Respond to of 209892

If the market went up by 25pts your options would be around $55 or a loss of $2000 and your futures loss would be $2500. So look like playing this option is a draw on the profit and better on the loss. That is correct note that In an IRA there is no choice. also, futures are more liquid, but options have a defined risk (maximum amt you could possibly lose). On the other side there is the bid/as spread but it is usually small. With futures you can change your mind easily and even set a SL at .50. Something you can not do with options. Today for example if you shorted the gap close and put a SL on at .75 points, it never would have been taken out and your risk was precisely .75 points. With PUTs it is unlikely you could get out with anything less than 3-4 points if it blasted up thru that fast. Those are the Plusses and Minuses. M