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Strategies & Market Trends : Roger's 1998 Short Picks -- Ignore unavailable to you. Want to Upgrade?

To: NYBellBoy who wrote (7985)	4/28/1998 1:33:00 PM
From: Mr Logic	Read Replies (1) \| Respond to of 18691

NYBB, re puts, it seems that near-expiry, just-in or just out of the money puts can be a good deal so long as you don't put so much in and are prepared to lose all. I put about 10-15% of a "normal" amount into puts. So a loss is like it going 10-15% away from you if you are short - and it is capped, safe against surprises. Good for quick profits rather than a traditional short waiting game. It worked well with ZITL May 10s yesterday (up about 200% and rising) and SEBL Apr in the money 32.5s the day before expiry (about 80%). Also used the same approach with calls which helped me out of a badly timed IFMX short, and worked with puts on IFMX at a different time. And I have lost the lot on occasion! Good luck.