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


To: yard_man who wrote (29983)10/2/1998 3:29:00 PM
From: Greg Jung  Read Replies (1) | Respond to of 94695
 
I'm mostly nursing a GTW short, but I did double+ on a long
position I had in small caps (used to be a mid cap). Nothing to
jump in with, anyway! But I did get some $ to back up and reduce
my margin. There are some jumping beans lying on the table, very enticing to pick them up. I'm hoping to sell Oct puts against <gtw> that would take me out about even money if it plunged in the proper fashion. The hedge pros will probably be able to maneuver it back up beyond 60, though.
Greg