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

To: KFE who wrote (1295)	3/27/2000 6:02:00 AM
From: GROUND ZERO™	Respond to of 2317

Hi Ken, Thanks for your post... I was actually wondering if there was a name for the entire grouping of positions in the one strategy... there is not that much whipsaw if/when the market trades through that price, and sometimes I don't take an underlying position, depending on the chart pattern... Right now, I'm short the June SP 1510 puts and the June 1550 calls and do not have any contracts underlying... these are options of the futures and not a stock... GZ

To: KFE who wrote (1295)	3/27/2000 8:45:00 PM
From: jjs_ynot	Read Replies (2) \| Respond to of 2317

Ken or anyone, Do you know the mechanics that are used to set up an "Unwind" Order for a covered call (buying the call and selling the stock). The bid/ask on the call is much larger that the bid/ask on the stock for the stock I currently have in a covered call. If the order is set up based on the ask of the underlying and the bid of the call, and uniwnd will work well for me. If the ask of the short call is used; it seems unlikely that the order will ever get executed and I am probably better to leg out. Regards, Dave