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Strategies & Market Trends : Waiting for the big Kahuna -- Ignore unavailable to you. Want to Upgrade?

To: William H Huebl who wrote (66401)	10/3/2003 10:26:14 AM
From: Real Man	Read Replies (1) \| Respond to of 94695

I don't know. But certainly, stock indices have "mania" written all over them. Do you really want to bet against the mania? I'll just stay away, buying puts sometimes, and longer dated ones. I think when this thing starts to unravel, it will do so very fast. So it may not be a bad idea to build an OOM LEAP put portfolio for 2006 or so. Bought al low VIX, VXN, and QQV, of course. When a sharp decline happens, the price of OOM puts will grow exponentially with volativity. At the rate it's going, the decline will happen faster than most think?