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Strategies & Market Trends : The Residential Real Estate Crash Index -- Ignore unavailable to you. Want to Upgrade?

To: Travis_Bickle who wrote (54689)	5/23/2006 5:26:53 PM
From: renovator	Read Replies (2) \| Respond to of 306849

I did well with JOE puts several months ago. I was able to roll them up twice for a quadrupled position and took a very nice profit when I got fed up trying to figure it out. My feeling is that there is another 10 or 12 points down, perhaps today's drop will turn into a cascade. Actually, now that hurricane season is here it could be any combination of storm threat and news of cratering sales that blows this one up. If I had any more money for more puts I would buy either the SEP 50 P or DEC 50 P to be fully invested through the worst of the season.