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Strategies & Market Trends : LastShadow's Position Trading -- Ignore unavailable to you. Want to Upgrade?

To: AlienTech who wrote (21263)	9/7/1999 9:17:00 PM
From: Oral Roberts	Read Replies (1) \| Respond to of 43080

Truer words were never spoken. The most money I have ever made in options is by being a seller. Jeff Roberts

To: AlienTech who wrote (21263)	9/7/1999 10:36:00 PM
From: ynot	Read Replies (1) \| Respond to of 43080

thanks, for the reeeeeeeal slow, got the stock so i write the calls to rake in the dough i'll check out the option call prices but theoretically if the price of the October $20 is $3 and i sell 1 i pull in $3 less commissions if CS gets taken out at $23 and my entry is $17 and October is the date (before expiry) then i have to provide 1 share at $20 my theoretical profit (excluding commissions) $3 from spread, $3 from writing the call for $6 total i guess i could also write the put side of the straddle, but will probably confuse myself over whether i want to write or buy the straddle ;) you did mention the puts, did you mean buying the put as a part of a straddle, i guess writing the call completes it? thanks, oh black socked one :) ynot ;)