Option Spreads, Credit my Debit Message Board

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Strategies & Market Trends : Option Spreads, Credit my Debit

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To: jjs_ynot who wrote (476)	2/7/1999 12:02:00 PM
From: dealmakr	Read Replies (3) of 2317

dave, "I have been very busy on other fronts. It looks like a call credit spread on OEX could return a good percentage between here and exp" I see that you have been spending time with Anthony playing from the Dark side of the Shorts. Not a waste of time at all, an excellent teacher and trader. His thread one of the better on SI. OEX 617.67 OEYBF (Feb 630C) 6 1/2-6 5/8 OEYBG (Feb 635C) 4 1/2-4 5/8 OEYBH (Feb 640C) 3- 3 1/8 OEYBI (Feb 645C) 2- 2 1/8 OEYBJ (Feb 650C) 1 5/16- 1 3/8 OEYBK (Feb 655C) 7/8- 15/16 OEYBL (Feb 660C) 9/16- 5/8 OEYBM (Feb 665C) 5/16- 7/16 Time to exp. = 10 days Put-Call Ratio last week 126/100 (rising) VIX index last week 30.47 (rising) Ten days till exp. still a lot of time maybe with volatility increasing. I do like the 650/660 @ 3/4 for a good safety risk play (return 7.5% - comish) and would be more aggresive towards the end of the week if market remains weak. If OEX doesn't rally over 630 would probably look at 645/650. Will post if entered. Good Trading Dave

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