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Technology Stocks : AOL Options for the Bearish -- Ignore unavailable to you. Want to Upgrade?

To: Jason Ghionis who wrote (31)	5/19/1998 2:17:00 PM
From: The Duke	Respond to of 33

I assume this post is directed at me: For someone who seems to know an awful lot about options he doesn't seem to know what a bull or bear spread is. And I quote "3) price patterns, at expiration, of all the basic spreads: bull spread (put and call) bear spreads (put and call) straddles and strangles". A bull spread is either a bull call spread or a bull put spread. You go long the call with the lower strike price and sell a call w/ a higher strike price, same maturities. Same with the puts. In a bear spread you just reverse the direction of the trades. As far as the greeks go, I know of delta, gamma, vega, theta and rho. I've never heard of omega. Duke, get your facts straight. i know what spreads are. perhaps it should have read: bull spreads (either put or call bull spreads) and bear spreads (either put or call bear spreads). In other words, the parentheticals were not intended definitionaly, but to give scope. As far as the greeks. You are right. Rho is much more commonly used then omega to represent time risk. My appologies.