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Strategies & Market Trends : Advanced Option Strategies

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To: OX who wrote (271)	1/26/2000 12:28:00 PM
From: tyc:>	Read Replies (1) of 355

I'm sorry; I am not familiar with the difference between SPX and SPY, and I see that you are using different strike prices for the put and the call. That complicates the calculation for my simple mind. Clearly, though, this is the type of transaction I find very attractive, providing that when you enter it you recognize that the long underlying position is not cast in stone; you may adjust this portion of the position as you see fit. Would you please comment on this proviso ?

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