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

To: Knighty Tin who wrote (34727)	10/28/1998 7:50:00 PM
From: yard_man	Read Replies (1) \| Respond to of 132070

For some reason, I thought as much. <g> I have another question for you then. You say that you do mostly bear credit spreads. I understand why individual investors opt for a credit spread instead of a debit spread, but (sorry -- infected from you know who) according to McMillan there's decided advantage with the bear debit spreads -- usually more profitable on an early close out if the stock moves in the desired direction. I forget the reasoning, but when I read it, it seemed sound. The debit is a disadvantage to be sure -- especially if you're living on the edge, but if you are right about the direction early on ...