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

To: Jon Matz who wrote (25989)	9/1/1998 8:42:00 AM
From: Pierre J. LeBel	Read Replies (1) \| Respond to of 94695

Yes Jon. If you do not sell your puts when the market is down, you will lose. But, it has nothing to do with the premium. As long as the market goes in your direction, the premium should maintain its value and increase with velocity. However, if the market goes against you, it does not really matter: you lose anyway! The point that I am trying to make is that you should not pass on a profit opportunity just because 'the premium is too high'. Pierre