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

To: Ron Lambert who wrote (832)	8/16/1999 3:18:00 PM
From: the options strategist	Read Replies (1) \| Respond to of 2317

Ron are you opening a call spread this week? We seem to have resistance here at 690. Also, there are 14,303 call contracts at the 700 strike which may cause resistance and cap any rally attempt to that pt. I was thinking of opening a put spread but we are in such a range that I don't know which way to turn :) Wish I had gone short this morning for a day trade. jj