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mish

03/17/03 4:06 PM

#88016 RE: Jerry Olson #87919

Yes and No.
I was in some hedge plays on the spoos.
Long long term puts ans short short term puts.
Closed them all out.
Obviously I shopuld have closed the long ones out a couple days ago and held the short ones. huge sigh.

I also started scaling back into DEC DJX puts way too soon.
I had some hedged as well as unhedged QQQ plays and I am under water on those now. June.

Not best, but the hedges prevented a total disaster.

M