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


To: dealmakr who wrote (174)6/25/1998 8:25:00 PM
From: Aaron Weiss  Read Replies (1) | Respond to of 2317
 
Dave,

I agree with you, especially on the put side of this straddle. If I were going to play this, I'd try a call credit spread on a surge to the high end of its trading range with a fairly tight buy-stop... the downside looks *WAY* to precarious to me to be writing puts. The way this sucker is thrashing around, it could smash a premium seller like a bug!

Aaron




To: dealmakr who wrote (174)7/6/1998 9:57:00 PM
From: WTMHouston  Read Replies (1) | Respond to of 2317
 
David....

Thanks for the input...as it turns out the volatility is exactly what would have killed my strategy...glad it was just an idea...

Troy