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To: waverider who wrote (12652)2/23/1998 8:18:00 PM
From: Broken_Clock  Respond to of 95453
 
Diamond
I was correctedby lisa. It was a calendar spread. You sell the Apr 40 put and buy the Mar 40 put achieving a net credit($ in your pocket) and you are counting on CDG being(hopefully) below 40 by expiry in March and above 40 by April expiry for max. profit.I think I have that right.
PK