Im thinking "put options" on the stock market : LUSENET : TimeBomb 2000 (Y2000) : One Thread

I have a little cash to gamble with, and was thinking of trying some "PUT OPTIONS" on the stock market. Several industries appear to be in bad shape, airlines, manufacturing, auto makers,ect. My question is..Dose anyone have information about any specific companies that are sure to fail big because of y2k? And why?

-- Gambler (, March 02, 1999


"Put" the index options, like the S&P 500.

For individual stocks, the high-flying (ready to crash) internet stocks might be a possibility, but I haven't looked into whether or not they have options on them.

-- a (, March 02, 1999.

My wife related an interesting stocks and financial issues story from work today. It seems that some local individual cashed out of the market today. Total of his holdings was in excess of one million dollars, post taxes.

Now it gets interesting. He made one phone call and he has the bank officers running around in a high-speed panic. His call was one question: "Can your bank hold one million in gold bullion for me?" I'm certain that if they have to turn the bank president's office into a private vault, they'll store that gold for him.

I guess that locally, in a fairly large way, the boulder has gotten off-center and begun rolling down the slope. Just wonder how steep the slope gets and how many more such players are going to join in.

And I with I had this guy's problem.


-- Wildweasel (, March 02, 1999.


Have you really thought this through?

Let's see, you are willing to gamble that many critical industries will fail, taking the stock market with them, but you are also betting on the sanctity of electric money, and it's availablity to you, should this crash occur?

I'd say that is a very narrow margin you're playing. But then again many "pots" have come to momma due to filling that inside straight!

Good luck! (Just don't gamble away the money for rice and beans.)

-- Lon Frank (, March 02, 1999.

Already done with preps for worse case senario.

-- Gambler (, March 02, 1999.

I'm planning to buy LEAPS Stock Put Options that expire either in January 2000 or January 2001. We know the market will crash, but we do not know when. Check the options chains on the internet and you will find them. They cost a little more, but worth the safety of plenty of time to hang on if it goes against you. I'm planning to put in $1000 per month buying put options until the crash. It would be wise however, not to follow the crash all the way down, because it will break many investors and many will default and you will not get your money. So do not ride it all the way down to squeeze every dollar out of it that you can. You may end up empty handed! Good luck!

-- Freddie the Freeloader (, March 02, 1999.

Gambler; Use the words you wrote to answer your own question! "Options", I have mentioned this before. Total your money's up and divide by 3/4. Take that remaining 1/4 and use it for your "OPTIONS". Take the 3/4's of your money and get your supplies,save it and put it in PVC pipe w/end caps. At least you will have money to barter with. And you will still have your "OPTIONS" in the market. And No I'm not a broker like some have suggested...... Furie...

-- Furie (, March 03, 1999.


Playing Leap Put Options out till dec. of 2000 is what I had in mind. I thought I would try the S&P 100 index,a couple of high flying internet stocks, and a few companies in different sectors of the market. What I havn't decided on is what companies. Have any good picks? and, why do you think they are good picks?

-- gambler (, March 03, 1999.

I'm thinking, buy interest in an oil well or two here in the states. Have a little royalty check comes in each month, about $20.00 but many years ago during the oil crunch it was about $400.00 a month. If Venesuela and Saudi Arabia go down the tubes that check might bounce back up there. Probably be able to buy to buy someones interest pretty cheap. Just not quite sure how to go about it. MsGlory

-- Roberta Blackard (, March 03, 1999.

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