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To: McNabb Brothers who wrote (23427)11/27/1997 4:59:00 PM
From: hpeace  Respond to of 176387
 
hank, your margin on the spread I described should be 25% times
5 points. and you can sell the dec 90 call and buy it back the same day still..you don't have to close out the cheap 95 call you purchased.
use it over and over again..
So, I think you need to read Mcmillan...the bible for options
my guess is you know I'm right and you will start using it but you just can't admit it.



To: McNabb Brothers who wrote (23427)11/27/1997 10:25:00 PM
From: Boplicity  Read Replies (2) | Respond to of 176387
 
<< I've sold many a naked option and have bought it back in a matter of hours or a few days at times. Then When I get those bounces that I like, I will sell it again>>

You told me you didn't day trade. <ggg>

Greg