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Technology Stocks : INTEL TRADER -- Ignore unavailable to you. Want to Upgrade?

To: smolejv@gmx.net who wrote (2261)	4/13/1998 4:35:00 PM
From: MonsieurGonzo	Read Replies (1) \| Respond to of 11051

DJ; RE:" Binary Options & the Call Ratio BackSpread " ...oh! I geddit. You could get the same effect by selling 1 in-the-money CALL (strike price "A") and buying 2 at/near-the-money CALLs (strike price "B"). At expiration, you would break even if the index was at or below "A", and you would make money if the index was at or above B + (B-A). no shit (^_^) This is called a "Call Ratio BackSpread". To wit: "...profit limited on downside to net credit earned when position is taken (selling the in-the-money CALL earns slightly more than buying the 2 at/near-the-money CALLs, so you get this if the underlying tanks) but profit is open-ended on the upside." I love the Call Ratio BackSpread : you can only lose if nothing happens... ...like, I'm Waiting for Godot, you know what I mean ? -Steve