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

To: the options strategist who wrote (849)	8/18/1999 2:54:00 PM
From: KFE	Respond to of 2317

JJ, Didn't get in...was distracted and by the time I could place order the quotes weren't there anymore. Very unusual these days for the retail investor to have a chance at arbitrage but the quotes were there twice yesterday morning and I checked on my quote service and brokerage firm. If any of the three bid/asked spreads could have been split it could have been done for a net credit. If the OEX moved within 5-10 points of upper strike I believe that it could have been unwound for at least 1/2 credit. Maximum profit would have been 5 points if OEX closed Friday at 670. Don't expect to see this opportunity very often but will keep my eyes open and try to jump on it in size if I see it again. Welcome to the thread and glad to see intelligent discussion. Regards, Ken