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Politics : Idea Of The Day -- Ignore unavailable to you. Want to Upgrade?

To: George Mc Geary who wrote (14214)	11/14/1997 7:57:00 AM
From: IQBAL LATIF	Respond to of 50167

We saw that Japan rally next day and the problem was that a 600 point rally had so much market premium built in- the problem was that since then Japan has been selling now for me I expect this to turn around but buying puts on that night was top premiums- I expect these calls to expire only a big rally can save them on put side I will sell some 150's 2 to 1 to hege for erosion- take the risk for next week- see how much you can salvage- there should be some premium.