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Strategies & Market Trends : Option Spreads, Credit my Debit

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To: KFE who wrote (757)7/1/1999 9:50:00 PM
From: dealmakr   Read Replies (2) of 2317
 
Ken,

LOL, long term trader. I usually wait a while longer, but the prem looked juicy at the time. If I was paying more attention could have rebot around 1 3/16 or so and faded again near the end of the day for a +1 1/2. The put call ratios have generated into a bearish posture IMHO and it may take a while to sort out, but I didn't put on a full position. There weren't any of the 735's so I had to go for the 10 point spread. Pain level will be hit when position goes 1 point over prem recieved. May have some fun though even if its early. Will close position if I can generate +1/2 or better by Tuesday and reduce exposure. Last month one of the quietest expiration days in a while and I didn't see anything worth risking on that day.

Good Trading

Dave
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