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To: Olu Emuleomo who wrote (15972)	9/3/1998 1:26:00 PM
From: IceShark	Respond to of 164687

Olu, You can either buy NDX puts, but the premium is out of this world nowa days. Alternative is to sell NDX calls to get the premium on your side. Won't be as big a winner if you are correct, i.e. limited upside, and risk is, in theory, infinity if the nas went sky high. Same type of thing an equity shorter encounters - you can ask Glen how that feels. -ng- So .... go to cboe.com look up the full chain for NDX and place your bets. Good luck, and don't go overboard. (BTW multiply the quote price by 100 for the cost of 1 contract. And remember on index contracts the closing price is fixed on the Friday morning opening prices - NOT the close.) Regards, IS