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

To: jjs_ynot who wrote (1720)	10/27/2000 10:35:25 PM
From: KFE	Read Replies (1) \| Respond to of 2317

Dave, You really like those CEGE put credit spreads. Yes, CEGE option strategies have been a good cash cow this year. No reason to stop until that changes. You are getting pretty close to your breakeven level. Yes, but I will not cover this time if it reaches the breakeven because this is a very limited risk trade (1 1/2pts).If it closes below the short strike I will take assignment and look for option strategies to do against the long position similar to those I have been doing. I lost almost all of my remaining CEGE stock at October expiration. Increased IV has been making it easier to find profitable plays. It also opens up a greater variety of advanced option strategy plays. Unfortunately as IV has increased I have found that the bid/asked spread has also increased. This makes entering spread orders as a spread with a limit even more important. Regards, Ken