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Strategies & Market Trends : Buying In the Money Options -- Ignore unavailable to you. Want to Upgrade?

To: High Grader who wrote (6)	9/19/2000 8:04:21 AM
From: Bald Man from Mars	Respond to of 21

easier said than done ... and what kind of spreads are you recommending

To: High Grader who wrote (6)	9/21/2000 7:47:32 AM
From: EasyWay	Read Replies (1) \| Respond to of 21

Spreads are not a bad way to trade depending on how you set them up, however I have stepped on my own toes using them in the past. As an example, I bought a call on coffee awhile back for about $800. When the market went my direction, I sold a call with a higher strike to someone else. I ended up making about $1800 on the trade but would have made over $10000 if I hadn't sold to create the free trade. I think the getting out part has to be tackled using a target price with a close eye on what's going on with whatever market you're trading. Easy