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To: dr. z who wrote (3924)	9/14/1998 10:32:00 AM
From: MonsieurGonzo	Read Replies (1) \| Respond to of 11051

dr.Z; RE:" option spreadz " >Have you thought about initiating the straddle you describe and then writing farther out of the money options against the position to decrease the cost to you (with the realization that it also decreases the upside potential) ? Not 'zactly - but I have been working with (all this stuff is paper trading right now, folks - FWIW) Ratio BackSpreads, with a 2:1 bullish bias taken at the perceived support position, and a 2:1 bearish bias taken at the perceived resistance level position at the apparent bottom or top, respectively - of these "waves" within the trading-range channel. What spread - type positions do you have / are you working with, dr.Z ? I think they are fascinating. -Steve