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

To: MonsieurGonzo who wrote (19481)	8/24/1998 2:00:00 PM
From: IQBAL LATIF	Respond to of 50167

Steve-- The pits are informing me that they want to run the market to test the upper resistances- 1102-1118 area in couple of days-- but I decided to quit the short puts, the 980 puts look really attractive I sold them at 13 I have taken them out at 8 and half- now I am out of my short puts and now have placed an order to buy 1120 if we go above 1094 today and sell 1140 2 to 1 I think I will with a debit of 1 $ will be in play for 20 points, somewhere along I will like to leg out with my portfolio as hedge. I will buy 1050 long if we close below 1082 today.