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Strategies & Market Trends : Stock Attack -- A Complete Analysis
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To: Electric who wrote (16199)10/1/1998 4:28:00 PM
From: Darth Trader  Read Replies (1) of 42787
 
On Monday morning I sold DJXJC (Dow Oct call 8100) and bot DJXJE (DOW oct call 8300). Entered it as a spread order online through Ameritade for a limit order of $1.0 credit. My breakeven is 8200 (minus commissions and sweat factor of course). I have always done wrong exiting positions at the proper time. Selling spreads for credits does not require finite timing. :-) Just let both expire.
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