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

To: jjs_ynot who wrote (611)	2/21/1999 4:35:00 PM
From: KFE	Respond to of 2317

Dave, Entered as one order...ie- sell (20)595Puts to open and buy (10)590Put and (10)600 Put to open for a 3/8 credit. If it can be executed at 3/8 credit or better you will be done, if not then nothing is done. Order is a "not held" order and will have to be worked by floor broker. Ken

To: jjs_ynot who wrote (611)	2/21/1999 5:06:00 PM
From: jjs_ynot	Read Replies (2) \| Respond to of 2317

Hopefully, we will get input from a few more folks and then I plan to outline the risk (maximum loss) and reward (maximum payoff) characteristics of the various positions taken as well as breakeven points. I also plan to outline the time decay factors (theta) and price move sensitivity (delta and gamma) of each of the positions. A fairly interesting mix of positions so far. Also interesting that they all have used the OEX as the underlying security so far.