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

To: KFE who wrote (1313)	3/28/2000 4:17:00 PM
From: OX	Respond to of 2317

let's talk about Dave since he doesn't appear to be around :-) perhaps this is in an IRA (not it necessarily precludes one from writing NP's); if so, legging out on a downward move as I suggested is obviously out of the running. also, some folks write CC's as an 'aftereffect'; flexibility in prices bot and written. doing net orders in my experience is hit or miss if one is aggressive w/ the net. depends a lot on the broker and the situation at the time w/ the exchange. one reason I leg in/out at times. another is, on equities, I can buy one leg from one exchange and sell the other leg to another... sometimes, the exchanges seem oblivious as to what is happening w/ corresponding B/A on their sister quote machines.