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


To: ViperChick Secret Agent 006.9 who wrote (46707)6/23/1998 4:04:00 PM
From: donald sew  Read Replies (2) | Respond to of 58727
 
Lisa,

Previously I indicated that I would wait a day to initiate any PUTS, but I was getting bored.

With my system the CLASS SELL buy-in day for the OEX is probably tomorrow, data not updated yet. So to be cautious I created a PUT spread.

Bought the OEX JULY 545 PUTS for 9 3/8
Sold the OEX JULY 535 PUTS for 5 7/8
Cost basis of $3.50 with potential to make $10.00

Im probably a day early so I went with the spread.

Seeya