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Strategies & Market Trends : Advanced Option Strategies -- Ignore unavailable to you. Want to Upgrade?


To: Tim Lumley who wrote (239)1/14/1999 3:02:00 PM
From: Alkesh Shah  Respond to of 355
 
I have a question regarding how to beat those bid-ask spread !!

I have an open position on YHOO Apr 170-200 long call spread, since they are deep in the money, I would like to get out with as close to the spread as possible ($30) without waiting till expiration. The Bid-Ask spread is $6 (170 = 191-197 and 200 = 168-173) !!!! so if I were to close at that, I would only get $18.

Any suggestions ?

Thanks