Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: jjs_ynot who wrote (1529)	7/10/2000 10:47:11 AM
From: OX	Read Replies (2) \| Respond to of 2317

could be a good idea. but IMHO keep some powder dry however, I think there will be opportunities to leg in lower (and possibly higher). can you share your primary reasons why you prefer NDX options over QQQ options? 1256 related? euro-style expir? better prems? tx

To: jjs_ynot who wrote (1529)	7/13/2000 10:18:15 PM
From: KFE	Read Replies (2) \| Respond to of 2317

Dave, I am looking at writing some NDX August Strangles in here Writing nakeds whether they be strangles, or just individual puts or calls should be more profitable than spreads as long as you have stop points in mind upon entry. The reason I don't do much of these anymore is that I am not willing to devote the time necessary to constantly monitor the positions (too many golf courses to play). An example of the above would be the OEX spread that I posted here recently. Three weeks ago the July 825 and 830 calls were $8 and 6 5/8 with the index at 785. At the close today they were 3 1/4 and 2 1/4. The index has moved 23 points against the position (increased) but both calls have lost substantial value while the spread has gained just 3/8 points. If I were naked instead of the credit spread I would probably cover here or lower my stop point. Regards, Ken