AOL Options for the Bearish Message Board

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Technology Stocks : AOL Options for the Bearish

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To: Brian Moore who wrote (23)	5/10/1998 2:14:00 PM
From: Jason Ghionis	Read Replies (1) of 33

For someone who seems to know an awful lot about options he doesn't seem to know what a bull or bear spread is. And I quote "3) price patterns, at expiration, of all the basic spreads: bull spread (put and call) bear spreads (put and call) straddles and strangles". A bull spread is either a bull call spread or a bull put spread. You go long the call with the lower strike price and sell a call w/ a higher strike price, same maturities. Same with the puts. In a bear spread you just reverse the direction of the trades. As far as the greeks go, I know of delta, gamma, vega, theta and rho. I've never heard of omega. Duke, get your facts straight.

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