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To: paul aswad who wrote (4046)1/2/1998 2:49:00 PM
From: Staff  Read Replies (1) | Respond to of 4571
 
>>BTW what happened to your S&P puts??<<

Same game Wad.. I cover some of them on the big breaks and add to them on rallies of 400 to 500 points. Hold the balance till expiration.

Am rolling over some Jan's into forward months right now .
. Holding a few till exiration as I still have some money in a few.
The key is to always be in the game for the big kahuna if it hits.
When the dow sputters back to 5000, thats the time you'll reap the big dough on the puts. Till then its just trading dollars. The day will come when this bull market bites the dust. A person can even buy some far out of the money stuff or a few hundred dollars. If we crash ,a couple hundred dollar investment can turn into a nice bankroll real fast.