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Strategies & Market Trends : Tech Stock Options -- Ignore unavailable to you. Want to Upgrade?

To: Jerry Olson who wrote (38736)	4/9/1998 10:21:00 AM
From: Patrick Slevin	Read Replies (1) \| Respond to of 58727

Yes, that was Duke & Duke. Yes, if you have a contract (long) and it goes from 1115.00 to 1115.10 you have just made $25 on paper. Spoos trade in 0.10 increments. A typical order might be....presuming you are flat at the start.... "Sell one June S&P at the Market. (Fill, 1120.00) Okay, place a Buy-Stop at 1125.00, even." Market moves to 1115.00, call desk.... "Cancel/Replace. Cancel Buy-Stop for one June S&P at 1125 even and replace with a Buy-Stop for one at 1120.00, even" Market moves lower.... "Buy. One June S&P at the Market. (Fill, 1112.00) Cancel Buy-Stop for one at 1120.00, Straight Cancel" Something like that. After pulling that off you can buy your kids a GI Joe with a Kung-Fu grip