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

To: dealmakr who wrote (665)	3/9/1999 4:55:00 PM
From: KFE	Read Replies (1) \| Respond to of 2317

Dave, I don't usually trade LEAPS but was surprised at the executions. The spread on each side was 1/8 pt. when entered so I placed a spread limit order at the corners and received quick execution on all the contracts. Narrow spread on thinly traded options surprised me but after my trade was executed the spreads widened on each side. I like contrary play on the sector and with almost two years to run with I am not worried about picking the bottom. No matter how much I like the sector long term I would not have done the trade if it weren't for the low risk high return ratio. Regards, Ken