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

To: KFE who wrote (1807)	11/28/2000 1:14:19 PM
From: smchan	Read Replies (1) \| Respond to of 2317

Ken, I've been lurking here for a few weeks and following with great interest. I'm reading a basic options book and would like to expand out to running my own scans and trying some paper trades for a while. You mentioned that most thread readers already know your exit strategies... have you discussed your strategies in other posts in this thread? (If so, a pointer would be appreciated - else I can try to find them.) To date, my options experience has been selling covered calls and paper trading a few straddles and strangles. Thanks, Sam

To: KFE who wrote (1807)	11/28/2000 2:56:56 PM
From: FRANK J	Respond to of 2317

my main strategy is different in that the spreads are 4 to 6 months. my reasoning is: i find an equity(ie,quality) that i "feel" is at or near a bottom,and, there is a bias over time to go "up". by going out many months, i generally can capture 1pt. for a 2.5 spread, or 2 to 2.5 for a 5pt spread, which would be my max. my exit strategies are not exactly well thought out seeing that i may " on occassion" exit at max loss. my track record doing this has been two yrs,with a very healthy net gains.i do not know what is the best way, but at least my learning experience has been profitable.i also do oex spreads, and calander spreads with equities by buying a way itm leap put and then writing front month puts using my long as insurance seeing that it is mostly intrinsic value and will increase in value sharply on a severe downturn. prior to that was np's. suffice to say i am a proud owner of companies such as : qcom, t.... any and all comments are welcome, especially concerning exits.