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Strategies & Market Trends : Option Spreads, Credit my Debit

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To: jjs_ynot who wrote (1268)3/25/2000 3:48:00 PM
From: GROUND ZERO™  Read Replies (1) of 2317
 
That's for sure...<g> the profits are remarkable, but you need to know what the charts are telling you... the whole strategy is taking big chunks of potential profits from the market, and then protecting them instead of trying to eke out a few points here and there on each trade.... I find this approach much simpler, far less stressful, and far more profitable overall... being short 4 1550 calls and 4 1510 puts give you better than $120K in another two months if all you can do is protect it... 8 each gives you $240K... so, even if you get whipped a little bit, it will only come off the top and you still keep a major portion of the premiums.....

GZ
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