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

To: Al Serrao who wrote (17597)	3/26/1998 12:11:00 PM
From: IQBAL LATIF	Respond to of 50167

Al- I am working on a laddered put approach-- I know one thing this gap between 20 days MA and present level will finally fill on SPM. I will at every new high add positions like I did -June 1080 at 1110 level - June 1090 were added at 1118 level- if market moves higher I will at 1130 add more of 1110. I know I will see my levels back but this is just hedging my long exposure. If we are closing below 1100 on SPX why not to buy 1080's June take care of time. You will need to wait but it will come. the market has been so much gratifying me that MSFT I wrote 95 before 65 and it was there within three days of my post on divergence SOX/SPM I longed SOX 310's calls and bought puts 1080 for June both the positions are doing well but I will run this position to wall. I just want to sleep right some bucks for each 250,000 $ cover is a small price that is how I look at-- more of a premium or insurance then a trade.