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


To: RWS who wrote (15743)4/8/1998 12:01:00 PM
From: ratan lal  Read Replies (2) | Respond to of 94695
 
RWS

In David's post #15703 he says "THIS LARGE WAVE 2 RALLY WILL BE THE BEST OPP> TO BUY PUT OPTIONS......RETURN ON PUTS of 20X to 50X.

Did you understand how we get 20X to 50X.

I am looking at OEWPG (OEX April 535 puts) at about $7.00 (OEX at 531). For 20X return I would have to get 140. SO OEX would have to go to 395. IS MY UNDERSTANDING CORRECT ???

ratan