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

To: IQBAL LATIF who wrote (22182)	12/30/1998 3:17:00 AM
From: IQBAL LATIF	Read Replies (2) \| Respond to of 50167

BKX bounce off 799.8 looked good yesterday it did move up to close at 813 a nice decent move, the 770 puts lost 25% of premium by the close. Today I would like BKX to close above 815 I see good trade here to 850 level. SOX if breaks 330 -328 may test 318.. I will like to see RUT 402 been taken out my target of 428 to be hit. On CSCO I think one can go long CSCO 100 Calls June selling 80 puts- I will like to think that someone who wants to own anystock now may well do it slightly differently sell 15-20% out of the money put and buy 5% out of the money call, if this market goes to 1350 your calls will do well if it breaks atleast you end up owning your stock 20% cheaper..I think LU MSFT INTC CSCO NOK.A EMC offer great opportunities including TXN, none of these are expected to come below market expectations if one is long May June calls I would not mind to keep rasing the ante by buying very near the market put, one can finanace it thru selling oversold indexes like OSX. Sell Mar 55's and use the proceeds to buy 1230's Feb- if the market keeps going higher you are enjoying the longs on CSCO's and others but if it fails you are fully protected on SPH on the other hand oversold indexes rarely will be bit as hard. This is exactly what I did on BKX.. Get out of all short puts if 1221 is taken out.. You may see a much better return if you keep investing in the right sectors.. Oils for me is the most important turn around possibility, if you are looking beyond trading and into future own some of it now, like sell 20 puts for RIG and buy 30 calls- for say July.. even on price I would think that price will rebound within four to six months buy what no one else is buying for core..