Given that our current position is +400 Futures contracts, we generally believe that the market is moving up.  However, in the event that our forecasts are wrong, we prepared three alternate strategies for different possible market and volatility scenarios.   We researched and developed all of our positions using the market information from the Chicago Mercantile Exchange website.     Option Prices as of 4/28/99  

.	CALLS	.	PUTS	.
Position	Strike Price	Price Quote	Strike Price	Price Quote
More OTM	.5550	.0025	.5335	-
OTM	.5500	.0039	.5400	.0040
ATM	.5448	.0060	.5448	.0062
ITM	.5400	.0088	.5500	.0091
More ITM	.5335	-	.5550	.0026

  (Click Here to Go Back to the Project Homepage)