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Strategies & Market Trends
Option Spreads, Credit my Debit
An SI Board Since February 1998
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Emcee:  jjs_ynot Type:  Unmoderated
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1267 I was really using that price as an example... I may actually short the contracGROUND ZERO™-3/25/2000
1266 >>>1509.90 that's what I was looking for... do you always use a 0OX-3/25/2000
1265 Right, If I understand your question, now that I'm short the 1550 calls, ifGROUND ZERO™-3/25/2000
1264 GZ, That sounds like a good plan. It requires careful margin management to majjs_ynot-3/25/2000
1263 That's a good question, and here's what I've done before... if IGROUND ZERO™-3/25/2000
1262 With your Straddle strategy, would you ever SAR your position in the future awajjs_ynot-3/24/2000
1261 tx for your reply. I was asking more in general, using this situation more as aOX-3/24/2000
1260 Actually, I didn't take the contract here... I have other reasons to wait uGROUND ZERO™-3/24/2000
1259 hi, do you get whipsawed much getting in+out of the underlying contract? or dOX-3/24/2000
1258 Correct... at this point I just wrote 4 calls at 1550..... GZGROUND ZERO™-3/24/2000
1257 This is not a spread order, but merely an uncovered call write, am I correct?jjs_ynot-3/24/2000
1256 So, just now I sold 4 June 1550 calls at 64.50 for a stash of $64,500 premiums GROUND ZERO™-3/24/2000
1255 Right, what you say makes sense, but it's so much easier just staying with GROUND ZERO™-3/24/2000
1254 The calls get exercised at expiration for indices, I believe. Before Expiratijjs_ynot-3/24/2000
1253 Okay.. so, say you're long the contract and short a deep in the money call GROUND ZERO™-3/24/2000
1252 No problem being short a shorter dated security. There is however a problem beijjs_ynot-3/24/2000
1251 I suppose I could write each month, but the contracts are quarterly... wouldn&#GROUND ZERO™-3/24/2000
1250 I guess you prefer writing options that expire with the contract versus writingjjs_ynot-3/24/2000
1249 Yes, for some time... you can do about 100% per quarter..... GZGROUND ZERO™-3/24/2000
1248 GZ, Have you been playing this strategy for a while? Looks promising. What kijjs_ynot-3/24/2000
1247 Is there a name for that kind of option strategy? Losses never really occur siGROUND ZERO™-3/24/2000
1246 GZ, Sorry. I was out of touch today. It sounds interesting. The key is to makjjs_ynot-3/23/2000
1245 sounds interesting... I'll have to look into it. tx.OX-3/23/2000
1244 I never close out one leg at a time... I put the entire group on at the same tGROUND ZERO™-3/23/2000
1243 I don't think there's a specific name for your strategy, but perhaps DaOX-3/23/2000
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