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

To: steve susko who wrote (17489)	3/22/1998 12:06:00 AM
From: IQBAL LATIF	Read Replies (1) \| Respond to of 50167

I will like to buy some puts here for June contract on SPM -- to be honest Dallas semi conductors news and others are certainly affecting semis but if semis fail I think this whole runs becomes quite extended I am very careful and trying to see where should I use my ultimate trade of selling some SPM calls and buying some puts- with a double close above 1100 I would just add some puts but at a certain point the hi risk money will be well spent. At the moment I am only looking at some SPM puts and trying to see if SOX holds well at 280-88 region to go long - I will look to a divergence long SOX and Short SPM trade as my master trade, the last thing I want is to go long all this time and be cocky here I will be careful that any correction meaningful ofcourse should be trailed, now if my caution is a contrary indicator we may well pass 1150 before any set back appears.