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

To: OX who wrote (1116)	1/8/2000 5:44:00 PM
From: Jeffry K. Smith	Read Replies (1) \| Respond to of 2317

OX, thanks very much for writing back. Thanks for the 2 pointers. I am shocked that you said "Ask away... many on this board are much more experience than I am." - I have been reading the thread for a short time, but if this is the case then I am WAY below the level I thought I was! What are your main strategies? I have Level 2 approval at the moment and have done quite a long calls & puts, equal amounts of CC's, and a much lesser number of spreads. On the spreads I usually buy a DIM call as a stock replacement and sell a higher priced next month call. I do not usually do puts. In addition, I have written a program which allows me to analyze spreads and CC's from a P/L angle at various unwind $. One thing you said intrigues me - that being the options toolbox - I have looked at it, but am baffled by what to do with all of it... Does this knowledge come from reading the McMillan book? Another thing I have seen bantied about on various threads are delta's, volatility, "greeks", are these also things that I should read the book about then ask questions? Thanks very kindly, Jeff Smith