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Strategies & Market Trends : Win Lose or Draw : Be A Steve, Make A Call -- Ignore unavailable to you. Want to Upgrade?


To: sun-tzu who wrote (819)2/6/2003 2:08:55 PM
From: Win-Lose-Draw  Read Replies (1) | Respond to of 11447
 
the whole thing looks like a giant NOP to me. the institution doing the spread doesn't care which way the market moves and the institution buying one set of puts is more or less balanced off by the institution writing the other set of puts.

i'm getting dizzy...