#1 Rule:
Buy puts or calls as deep in the money and as far out as you can afford.
# 2 Rule:
There is only one rule.
I bought the OEX 440 November puts 9/16/2002 @22.50. Sold this position 9/30/2002 @$45.50.
New Position at the close OEX 300 march 2003 put @ $8.80
added 10/8/2002 OEX december
420 call @18.80
Visit this site often to keep up with my trading position. It is likely to change quickly.
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