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[RT] Re: BUY the Y2K



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MB,
  A wise old trader's axiom is, "when in doubt, stay out". You have told
us that you have already made your fortune, so why bother worrying about
it? If you don't see an excellent opportuntiy, go on vacation or read up
on good manners.No body makes one trade. It is not a 9 to 5 job. Ok, you
can punch out now .<G>

Relaxingly,

Norman






Mark Brown wrote:,


> Hello RealTradersList,
>
> I  want to get long the SP here going into Y2K, so soon this week I am
> going to get long the SP prior to Y2K thinking that the non event will
> cause a run strait up afterward.
>
> However  I'm  not  stupid and so I have figured that maybe I should go
> short  now first the futures and sell a put against my short position.
> Then  thinking  that  the  markets  explode slower up than down I will
> maybe  place  a buy stop above our recent high to force me into a long
> position  which  is  what I wanted to do in the first place. When that
> happens  I'll  take  the loss on the future hold the put to expiration
> and  then  when I flip the short future to a long position I'll sell a
> call against my now long future position.
>
> Or  I  could just buy an in the money future option and sell an out of
> the  money call. Placing then a sell stop, which should probably be 20
> points  above  where I actually want to be filled. That way I'll loose
> the  money  on  the purchased call, collect the short call premium on
> the  call  I  sold.  Then be short the future, which I will sell a put
> against somewhere in the free fall of the Y2K dilemma.
>
> I  generally hate to buy calls or puts and in my entire career Ii have
> never bought a call or put of any kind on any commodity. I have chosen
> only to sell them, but I may give it a shot this time.
>
> I  may  just say screw it no guts no glory and just buy the SP futures
> and  be  done  with it. Preparing myself for a 13+ percent stop loss I
> would be willing to take. Which would be around the mid 1200 level.
>
> Bright Ideas? I'm all ears and running out of time. Mark
>
> --
>
> o©º°¨¨°º©[ WWW.MARKBROWN.COM ]©º°¨¨°º©o.
>
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