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Strategies & Market Trends : Market Gems:Stocks w/Strong Earnings and High Tech. Rank -- Ignore unavailable to you. Want to Upgrade?

To: Burjis S. who wrote (17301)	10/20/1998 4:04:00 PM
From: Jenna	Respond to of 120523

Sorry for being vague..I was in a rush to pick them up..They are option puts 490 on the S&P 100 Index. It was say trading at 550 or thereabouts, I picked up options puts hoping it will fall further and it did. I usually trade these on the internet sector and/or when DOW looks to be too high and look overbought, I'd get the puts. Today I was a little nervous and waited a tad too long. I buy 10 puts at the price of 6.75 each put..costs about 6,800.. every point up is 1k.. and every point down is also 1 k.