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Politics : Ask Michael Burke

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To: Terry Maloney who wrote (79787)4/17/2000 10:09:00 PM
From: Knighty Tin  Read Replies (1) of 132070
 
Terry, I'm not playing MU and you can do better with Amazon or Vert or something like that. But, you are doing two things I don't do in my spreads: 1. You are looking too near term. I use Leaps and usually the furthest out leaps, almost exclusively. More absolute premium. 2. You cannot look at price at expiration, as the premium levels have huge elasticity between now and then.

Another thing is that I go for pretty wide strike price differentials, averaging 30% on a 150 point stock.

And, one more point. You have to ask for the spread market and give your broker a spread order to get the best fill.
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