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Strategies & Market Trends : Option Spreads, Credit my Debit -- Ignore unavailable to you. Want to Upgrade?

To: jjs_ynot who wrote (151)	6/23/1998 10:15:00 AM
From: ccportfolio	Read Replies (1) \| Respond to of 2317

Thanks... would be happy to discuss in more detail as this is definitely an interest to me...but a departure from what i'm used to...which is equities, covered calls, and a few long and short calls or puts... My take from reading so far is that in this particular case Schiller is suggesting to open the spread on a monthly basis....for the current month's expiration...either the first or second week after the previous months expiration date... The sigma is figured by using a chart consisting of the 13 months previous hi-low swings of the OEX... If you wait until a week before expiration...is the net credit significant enough to make it worth while? Thanks again... Lynndal