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Politics : Ask Michael Burke -- Ignore unavailable to you. Want to Upgrade?

To: Knighty Tin who wrote (40738)	12/23/1998 11:07:00 AM
From: wlheatmoon	Read Replies (1) \| Respond to of 132070

Hehehe, okay, you've got me. We are idiots and the market will be rudely awaken very soon. LOL. mike

To: Knighty Tin who wrote (40738)	12/23/1998 1:25:00 PM
From: MythMan	Read Replies (1) \| Respond to of 132070

MB, you adding more puts today or are you all done? You surprised at this latest rally and when do you now see a reversal? MM

To: Knighty Tin who wrote (40738)	12/23/1998 2:30:00 PM
From: Doug Millan	Read Replies (1) \| Respond to of 132070

Michael, I'm confused and need help, and my apologies in advance if this seems trivial. I'll illustrate with one specific trade then hopefully you can help with the strategy... When IBM was around 150 in October, I bought a third of JAN 12O puts. Cost me a buck or so. W/ IBM now at 180, that dollar (same three months) buys me the same 120 strike. I would have expected in October, other things being equal, that if the stock were to go to 180 by January, my buck would buy me a 150 strike (or reasonably thereabouts) three months out. I guess this is volatility being built into the options prices. Big time. When volatility goes up, I'd like to capitalize on it (from 180 on down, not just re-initiating the same 120 position). At the same time, the game now becomes more expensive to play on a per-share basis, making it harder to swing for fences as you say. Though a good sign fundamentally to see so much premium in put options as we go higher, such an exaggerated change to me suggests I need a new pair of dimes for determining the size of my suspenders in this market. Thanks, Doug

To: Knighty Tin who wrote (40738)	12/23/1998 4:46:00 PM
From: David Semoreson	Read Replies (3) \| Respond to of 132070

Is there a website that allows a portfolio of options? Yahoo is stocks only, and CBOE only lets you check one at a time. TIA, ** David

To: Knighty Tin who wrote (40738)	12/23/1998 6:21:00 PM
From: Robert	Read Replies (1) \| Respond to of 132070

MB, where are ya buddie? Anxiously awaiting your take on MU's numbers. -- Robert

To: Knighty Tin who wrote (40738)	12/23/1998 9:56:00 PM
From: Cynic 2005	Read Replies (1) \| Respond to of 132070

Jordan for Fed Chairman? Any one? <<Mr. Jordan dissented because he believed that the two recent reductions in the Federal funds rate were sufficient responses to the stresses in financial markets that had emerged suddenly in late August. An additional rate reduction risked fueling an unsustainably strong growth rate of domestic demand. He expressed concern that the excessively rapid rates of growth of the monetary and credit aggregates were inconsistent with continued low inflation. Moreover, any further monetary expansion in response to economic weakness abroad could ultimately have a disrupting influence on domestic prosperity if policy were forced to reverse course at a later date to defend the purchasing power of the dollar. >>