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Strategies & Market Trends : Option Spreads, Credit my Debit -- Ignore unavailable to you. Want to Upgrade?

To: dealmakr who wrote (797)	7/10/1999 9:59:00 AM
From: jjs_ynot	Read Replies (1) \| Respond to of 2317

Dave, It looks like the strength in the market may produce closes in a number of stocks and indices above the parity (MaxPain) levels. This will be the first time since last fall if it occurs. Dave

To: dealmakr who wrote (797)	7/13/1999 5:01:00 PM
From: KFE	Read Replies (3) \| Respond to of 2317

David, Market makers in equity options have been tough to deal with. Had to exercise and simultaneously sell the stock of an August(not July) stock option that was only 3 points in the money because the option had a negative 1/4 pt. premium on the bid. Tried a limit order at zero premium twice but they wouldn't bite. Saved $500 on 2K shares by exercising. Have looked into bearish spread strategies on the nets but the bid/asked spreads are criminal. Several firms are talking about starting alternate option exchanges similar to ECN's. I think that they would do very well. Regards. Ken