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Politics : Ask Michael Burke -- Ignore unavailable to you. Want to Upgrade?

To: Terry Maloney who wrote (72092)	12/19/1999 12:42:00 PM
From: Knighty Tin	Read Replies (1) \| Respond to of 132070

Terry, The fact that Cien has gone my way makes it likely that I will not be buying the second third any time soon. I like to catch them on the way up, but I will buy more if I get a quadruple in the first third. And, yes, I will be moving strike price down. On MXF, the spread on these far out in time options tends to be wide. However, you can usually attract floor traders or MMs, as they want to do calendar spreads. I did feed a bit between the bid and offer and got hit. If it was a large amount, that wouldn't have worked, but a third did o.k. However, I was not desperate to execute, and sometimes I think they can feel that you are willing to wait, so they hit you. <g>