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

To: Roebear who wrote (22102)	12/24/1998 3:39:00 AM
From: IQBAL LATIF	Read Replies (4) \| Respond to of 50167

I think smaller portfolios can easily buy OEX puts for Feb and not Jan, you have to see the sensitivity of your portfolio every portfolio has some sensitvity analysis irrespective of the size, is it sensitive to NDX or Composite? or SPH or OEX or SOX or DDX- the way to do it is look at your portfolio appreciation over last 30 sessions and and compare it with percentage appreciation of NDX COMP RUT SOX SPH over last 30 sessions even DOW whatever you think is the closest index which replicated your portfolio move just go in that particular index. I will like to say this market looks like breaking the last hrdle at 9375 and if that happens we go up to 10000 and 1350 on SPH so your put shopuld only be placed now at break of 1192 on SPH but by that time your premiums will not be the same however if DOW fails to take out 9375 for a 5 sessions it will not be bad that once can go for Feb options the Jans are the shortest month expiring on 15th Jan.. Never throw money on puts if your portfolio is not making 4 to five times that kind of money in a move, buy protection if you are invested and reaping benefits of the move if you are not it is better to buy puts at break of key supports like 1750 on NDX right now sit back and enjoy the ride to heavens, some insurance always help and it is always cheapest when no one wants it like I di when no one wnated stocks I was buying them..