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

To: steve susko who wrote (17630)	3/29/1998 10:43:00 PM
From: IQBAL LATIF	Read Replies (2) \| Respond to of 50167

Steve- trade remains for me SPM long puts now very nicely already making decent profit and long SOX-- let this darn thing break 280 for me to reverse but at the moment I am enjoying a little run on techs and also making profits on short side on broad market-- best of two worlds short on SPM options long on SOX DDX NWX.Playing on thei divergence even if this market turns sour my options on SPM will provide me the necessary hedge plus compensate for premium lost on longs in techs but in my opinion this SOX even if it breaks 280 will stay around 250 too many entrants at that point will take this index back to 290 level so at that point in time if I am sitting at 20 days MA on SPX I will try to leg out of my long puts which I suppose should give me a great profit and leave my bait for a long shot on techs rather reversing and buying some more calls on these tech indexes. IF market takes off from here I will love my long positions to run and will expect that longs in techs wil help offset my premium lost on SPM plus make some good retrun -- but I will see some divergence I have put a good trade and expect to come out as a winner-- market is about strategy in my opinion I have a good one in place. Sharing with people helps me refine it- Thanks Steve and take care.