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

To: James F. Hopkins who wrote (14943)	3/12/1998 8:39:00 AM
From: yard_man	Read Replies (1) \| Respond to of 94695

I have actually eked out a profit both shorting and buying puts on the turkey during it's rise. Shorting to make any significant dough, though, requires either a heck of a lot of luck or a lot of money and there is significant risk. Unless you can open a position in the puts of at least 10 contracts or so -- you almost have to have a collapse in the stock to make good money. A spread will allow me to open a position closer to the money, with more leverage, for the same amount of risk, but lowering my profit potential. This seems like an OK tradeoff to me.