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Strategies & Market Trends : Bosco & Crossy's stock picks,talk area -- Ignore unavailable to you. Want to Upgrade?

To: Crossy who wrote (2103)	10/28/1997 11:31:00 AM
From: Rick C.	Respond to of 37387

Hello Crossy~ Three of the indexes which would give you a broad spectrum of choice are: S&P 500 (SPX) Nasdac 100 (NDX) DOW (DJX) (only 30 stocks included, of course) These trade in the standard 100 lot size like options. I just placed an order for DJX Dec. 72 puts for limit $3.25 each on a pure gamble that situation will get worse. For instance, if Dow drops to 6800, not that far away, I would double the money. However, I am fairly tenuous in playing these indexes, because I feel that I should have done more homework on their mechanics before now. I do have a competent full service broker to explain all of the risks involved, which are pretty much total under these circumstances. Beats sitting around pulling your hair out though to have something interesting to watch! For the last two months some of the folks on Tech Stocks Option thread have been concentrating on playing the SPX. Wish I had followed it closer now, but I'm more comfortable with the DJX since the blue chips seem to have been taking the major beating around the world. Best of Luck, Rick