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

To: Front Beach who wrote (20005)	9/5/1998 11:31:00 AM
From: IQBAL LATIF	Read Replies (1) \| Respond to of 50167

On the upper levels of a market correction it was always sell the calls and buy the puts on lower leves where we can go up any time we reverse strategy buy a put sell a lower strike and leg out at a support- all of this is risky but that is our job -derivatives are best tools to protect your portfolio.. I will get out of 960 --if we go lower-- than wait and if it keeps going down sell 880 and buy 920's bears will pay for everything I don't pay for these downturns, ofcourse I will at vreak of 900 buy a lot of 850's the Oct low if we have seen lows on everything why not on SP-- I concentrate on my indexes well and I do it with lethal accuracy-- last night was one of the finest trade-- I still had this 960 long puts and 4 times 910 shorts-- on 972 break we decided to add up the higher strike-- we did nothing just lifted that 9$ thing in 15$ and out we were--- I like this trading and will like this to continue a little more in an ordinary markets the premiums don't disappear at the first place they are never their- Iam planning to invest my earnings all in my dear ovely stocks-market gives and it takes back-- we need to fuel the market thru our option trading-bi bi-Thanks