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Politics : Ask Michael Burke -- Ignore unavailable to you. Want to Upgrade?


To: Bipin Prasad who wrote (29933)7/17/1998 11:47:00 AM
From: Knighty Tin  Read Replies (1) | Respond to of 132070
 
InSook, I sold the November 65 puts and bought the Nov 70 calls. But I legged into the position, selling the puts yesterday and buying the calls today. If you try to do the spread at the same time, in one fell swoop, the market makers will eat your lunch on the spread. In that case, you are better off just buying the stock.

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