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Strategies & Market Trends : Option Spreads, Credit my Debit -- Ignore unavailable to you. Want to Upgrade?

To: dealmakr who wrote (478)	2/7/1999 12:09:00 PM
From: jjs_ynot	Respond to of 2317

Dave, I am familiarizing myself with short plays. The straight-up move from mid-Oct to Late Jan appears to have come to an end. I am trying to learn to play both sides if the need arises. Dave

To: dealmakr who wrote (478)	2/8/1999 2:55:00 PM
From: NateC	Read Replies (1) \| Respond to of 2317

Dave...this has been a very good thread...so let's revive it! what other ones are there...where's a good place on SI to look for more on spreads??

To: dealmakr who wrote (478)	2/8/1999 2:59:00 PM
From: NateC	Read Replies (1) \| Respond to of 2317

This reminds me of something I'm doing right now. When EMC was about 103 or so....I opened a bullput spread.....bought the Feb 100 puts, and sold the Feb 105 puts.....netted a few hundred dollars I guess. NOW with EMC tanking to about 97 or so today...my spread looks like a loser. If I wait till expiry....I stand to lose 5 points/share ( I have 5 contracts of each). If I close today....it looks like I'll lose about 3 points/share...although the market makers will probably make mincemeat of me. Question is....should one really wait longer (after all the most I should lose is 5 points because I'm long the Feb 100 Put ??