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To: PAL who wrote (109533)3/15/1999 1:51:00 PM
From: freeus  Read Replies (3) | Respond to of 176387
 
To Options learners,
Thanks Paul, I just learned something new. This is fascinating.

I called (Yes Voltaire now I know you do it with a trader!!!!)
They have an order in for me to do my first "rollout spread" Might as well learn on Trimark as anything else.
If it fills...
I will be buying my NITE March 50 calls back and sell April 60 for a net loss of 3 7/8 but since I originally got 3 3/4 for the March ones I would be out only 1/8 and have 60 as my new strike price. I put it in "all or nothing" so I either get my 1/8 or less loss or it doesnt fill and I lose NITE on Friday (with a 20% gain...dont cry for me).
Thank you and everyone else who has been teaching me!
Freeus