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

To: jjs_ynot who wrote (668)	3/13/1999 9:40:00 AM
From: dealmakr	Read Replies (2) \| Respond to of 2317

dave, Currently have open position in OEYCJ to my regret, am looking to exit on any strength. OEX high 654.98 VIX 26.57 OEX close 648.27 OEYCK 655's 3 5/8-3 7/8 OEYCL 660's 2 1/16-2 3/16 OEYCM 665's 1 1/4-1 3/8 OEYCN 670's 11/16-3/4 OEYCO 675's 3/8-1/2 OEYCP 680's 1/4-5/16 OEYCR 690's 1/8-3/16 With all of the talk of DOW 10k, any takeout of the 10k mark and a new OEX high could provide a lot of short covering IMHO. With the triple witch coming this week also I expect a great deal of volatility. I would probably look at a 675/670 if volatility could give me 1/2-5/8's or so. If the market runs I want to leave a lot of safety margin, but each spread potential will have to be monitored very carefully every day for possible entry. Just my .02 Good Trading Dave