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


To: dealmakr who wrote (592)2/19/1999 2:13:00 PM
From: jjs_ynot  Respond to of 2317
 
Nicely done.



To: dealmakr who wrote (592)2/19/1999 4:41:00 PM
From: NateC  Respond to of 2317
 
Nice trade David R.
Now would you teach us neophytes how to pull that one off?

Seriously, the thinking behind this trade would be helpful to understand



To: dealmakr who wrote (592)2/19/1999 5:21:00 PM
From: NateC  Read Replies (1) | Respond to of 2317
 
David ..your two notes said:

1. Bought OEYBF (630) @ 1/8
2. Sold OEYBE (625) @ 1 net credit 7/8

later
BOT OEYBD (620) @5/8
Sold BF (625) @ 1/16 (closing out BF position)

Is this correct?....so now you are long the 620 calls, and still short the 625 calls @ 1 (correct)