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

To: robert b furman who wrote (16262)	4/14/1998 1:00:00 AM
From: ratan lal	Respond to of 94695

robert Last Thursday I was in OEX April 535 and 540 puts and SPX April 980 puts (Dont even ask me why. I dont know. I am just happy I made a profit after the computer buy orders last thursday before the close). Today I am in just April 540 puts. I traded 540's since the premium was as low as 75 cents so each point move in OEX was a $ move in the 540 put. If you read and understood David's posts today, we could go as low as 1045 on SP8M (ie.e June S&P 500 index) or even 1009. OEX will be similarly down substantially. This, if it happens, is the BK we have been waiting for. Good luck. ratan