				Ken Deen's
			   THE AGGRESSIVE TRADER
			        SELL ALERT
                                                           1339 Virginia Rd.
Vol. 1, No. 22                                           Montecito, CA 93108
March 4, 1992                                                 (805) 565-2039
                                                      CompuServe: 72020,2050

   SELL OEX March 340 puts (symbol: OEXOH) at 1/8
      + I purchased these put contracts on Feb. 5 at 15/16.
 
   Model Portfolio:  No trades


Discussion: OEX March 340 puts

   Loyal readers will recall that I purchased these puts as "portfolio
insurance" against the possibility of a near-term selloff.  That selloff
has not yet materialized, and these contracts will expire in a couple
of weeks.
   My technical market indicators have corrected from the extremely
bearish reading of early February, and are now neutral.  A near-term
market correction of major magnitude seems less likely now (although
still possible of course), so I have decided to forego "insurance".
