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To: SecularBull who wrote (71006)10/9/1998 12:42:00 PM
From: Moneysmith  Read Replies (2) | Respond to of 176387
 
Interesting trade; those leaps might work but watch the liquidity.

Anything can happen in two years thats a long time to hold a position like this. IMO you should unwind this long before Jan 01.



To: SecularBull who wrote (71006)10/9/1998 2:33:00 PM
From: Patrick E.McDaniel  Read Replies (3) | Respond to of 176387
 
Steve, The 4 Seasons is looking good for next year!

:o)



To: SecularBull who wrote (71006)10/9/1998 3:17:00 PM
From: Kayaker  Read Replies (1) | Respond to of 176387
 
Lod

Congrats on your spread this morning. Pretty neat to look up the option quotes after you posted and see the volume for the 85s and 90s at 200 each, with a 13-7/8 buy and 12-7/8 sell.

Question: When you were considering the trade, did you look at the difference between the buy and sell, see $1.00, and then specify this as the maximum difference you'd pay? I'm amazed you could get this on a volume of 200! Thanks, Bob


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