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Strategies & Market Trends : Option Spreads, Credit my Debit

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To: jjs_ynot who wrote (896)9/16/1999 9:48:00 PM
From: KFE  Read Replies (1) of 2317
 
Dave,

It looks like you are safe through expiration

Much safer than you think and I would like...I am out at 1 3/4 for 1/2 point profit (not much after commissions). I knew that I wouldn't be able to monitor closely this afternoon because of hurricane problems and I covered when it went below 690. If I didn't cover I would be looking good for the entire 2 1/4 credit but my plan on these type of spreads is to never let the short become ITM. You must trade your plan or you are doomed to fail.

Your spread looks safe-good trade.

Regards,

Ken

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