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

To: jjs_ynot who wrote (1517)	6/28/2000 12:35:00 PM
From: OX	Read Replies (2) \| Respond to of 2317

I'm been writing straddles and OTM strangles on SPX. I exited a little early on my June1475 straddle but who woulda thunk it would have settled right at 1475?! :-) Still, it was a good month. Just after June EX, I wrote a small OTM strangle Aug SPX (w/ slightly more naked puts than calls); wished it were bigger now, but I was waiting for SPX to break one way or the other before adding more. My preference is for SPX to break downwards, but the mkts don't always listen to me.