Martin Weiss says,to make the depot sure,buy leaps puts.puts on dow or nasdaq.what is the symbol of these puts

Answer 1

If you can't find the symbol, you surely know very little about options, that they are a wasting asset, that more than half of them expire worthless, and load of other unintelligible things that you don't want to know or care about, like Delta and Gamma. Neither are you interested in purchasing an option evaluation program to accurately track your options and value them correctly and evaluate risk.

If all you want to do is bet on the market going down, you can do the same thing, and avoid leverage, by shorting the Dow ETF's (symbol DIA), called DIAmonds. Or you can short the Nasdaq ETF's (QQQQ).

I trade for a living, and am disconcerted by these market gurus that pull out their crystal ball and forecast the direction of the economy and the whole world two years out. Hogwash.

It would be better for your financial risk and health to try and "predict" nothing, but rather learn what to do when certain price levels are met. The market will tell you what to do along the way if we just listen, but it does not tell us where it will be in two years, or probably two months for that matter, not unlike forecasting the weather.

I too would be concerned if the market fails here near all-time historical highs. But it has not failed yet. The trend is still UP. Do not fight the trend, or "forecast" a change in the wind. Nobody profits from telling the market what to do. Merely wet your finger, put it on the chart, and when the trend changes, you will know.

Answer 2

LEAPS is a type of put option, not a specific put option. LEAPS stand for Long-term Equity AnticiPation Securities. They're just options that have an expiration 9 months to 2 years out. So, basically, Weiss (who is fantastic in my opinion) is telling you to buy put options that expire way out. When you get online to your brokerage account, look for Dow or NASDAQ put options that are expiring in say June 2007 or longer. You'll need to decide which strike price you want.

I can't give you a specific symbol as each option has it's own unique identifier. Basically, just look for put options that are expiring in mid-2007 or later. Hope this helps.

Answer 3

WHAT IS THE QUESTION? AND WHAT IS A PUT?