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Politics : Ask Michael Burke -- Ignore unavailable to you. Want to Upgrade?

To: Knighty Tin who wrote (58078)4/29/1999 11:02:00 AM
From: Todd Reichardt  Read Replies (1) | Respond to of 132070
 
Hey MB,

The May 55's are bid at 6 1/4 and the June 50's are ask at 4 7/8, so assuming you buy one June 50 for each May 55 you sell, you

1) take 1 3/8 off the table for each option
2) gain one additional month's time
3) lose the advantage of the higher strike price

Rolling down doesn't seem to be a significantly better trade than simply selling part of the initial position. Am I missing something?

Todd


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