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Strategies & Market Trends : Options for Newbies -(Help Me Obi-Wan-Kenobe)
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To: Peter Church who wrote (1452)6/17/1999 11:44:00 AM
From: ----------  Read Replies (1) of 2241
 
Peter:

I assure it has happened to many of us at one time or another.
Just yesterday I tried to do a credit spread on some puts. Unfortunately, I used the month symbol for the calls! Naturally,
the spread didn't get executed, and naturally it is working well
today since I don't own it. 8-(

While not a problem on the stock you mentioned, now days one must be very careful on the option symbol. Because of huge volatility in
some stocks, there is more than one option symbol. DCLK for example,
has options trading under QWE & TDU. Buying the TDUGR's would get you
190 calls. Buying the QWEGR's would get you 90 calls. (Certainly NOT
recommending either option, just giving an example of another potential pit fall.

Best Regards,

Doug
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