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To: wave3rules who wrote (134464)	7/16/2006 3:41:41 PM
From: Cisco	Respond to of 209892

The only spreads I currently have are some put credit spreads.

To: wave3rules who wrote (134464)	7/16/2006 4:06:09 PM
From: wave3rules	Respond to of 209892

By the way their comes from time to time some totally unreal no brainer option plays. The best trade I did last year and I still cant believe it, was straddle writting Jan 20 puts and calls on AGIX in Dec atfer the stock went insane. I did it when the stock was $23.5 and pulled in $23.5, the exact same price of the stock. So if it went to zero I broke even, and it would need to go above $43.5 before I was taking a hit. Right now I could buy that back for $11, I bought it back for $15 in Mar when the stock was $14 I still cannot believe those numbers. And the thing is this, the week I did the writting I noticed 3500 go thru that were clearly the same straddle, and in one day someone did 1200. Someone made a ton doing that, I mean a ton. The problem was that AGIX went so volitile my broker wanted 100% margin so it ate up a lot to hold the position. In fact if you check the Jan 20s now you will see they are still abnormally high telling me someone is still carring the position.