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

To: Jon Tara who wrote (974)	10/16/1999 8:11:00 AM
From: jjs_ynot	Respond to of 2317

I think VIX peaked on the day of the selloff in 1987.

To: Jon Tara who wrote (974)	10/17/1999 7:27:00 AM
From: jjs_ynot	Read Replies (2) \| Respond to of 2317

With regard to timing, the exit strategy will drive your timing and selection. With this much time to go; it is very likely that you may have to close out your position between now and expiration. Thus you need to determine how you will exit under those conditions. I personally like to have the credit received be much larger that the combined bid/ask of both sides. If I need to exit; I don't want to make the Market Makers any richer than necessary.