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Strategies & Market Trends : Option Trades -- Ignore unavailable to you. Want to Upgrade?

To: the options strategist who wrote (1650)	7/9/1999 5:21:00 PM
From: the options strategist	Respond to of 2341

Is it that no one has a comment to my question or you just don't think it's important enough to reply to :) jj

To: the options strategist who wrote (1650)	7/9/1999 10:34:00 PM
From: Woody Johnson	Read Replies (1) \| Respond to of 2341

Obviously the answer to your question depends on a lot of factors, expected volatility for one. But it seems to me the major disadvantage of opening a call debit spread just prior to execution is that there is not much time value left on your short position (credit), which is used to offset the cost of your long position (debit). One might as well just open a long position if you feel a pop is imminent. Obviously this is not a singular answer to a question with a lot of possibilities. Open for other thoughts... WJ