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

To: KFE who wrote (578)2/17/1999 11:29:00 PM
From: dealmakr   Read Replies (3) | Respond to of 2317
 
KFE,

At the moneys have opened up the spreads due to greater volatility, OEX also. You can watch and become the inside bidder on most of these. Was trading the OEX 620 puts today and spread difference was 1/8-1/2 at times. Most of day was at about 1/4 spread. Out of the moneys on OEX are fairly tight depending on strike, below a buck usualy a steenth, over a buck-3 can go a steenth to 1/4. OEX ranging 10+ points a day lately makes the boyz in the pits very stingy, but its still the best way IMHO to play general market direction.

Good Trading

Dave



To: KFE who wrote (578)2/18/1999 7:20:00 AM
From: jjs_ynot  Read Replies (1) | Respond to of 2317
 
That is on nice thing about spreads. The delta on both sides is fairly close, so you can "change sides" very quickly and efficiently.

Closing out the short side would probably lose 1/2 point PLUS the bid/ask spread which you are very unlikely to improve for a single sided transaction IMO. I have not been successful to get inside the spread fills for single option trades, have you?


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