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Is "switch" quoted by broker or as a symbol and is this quoted for the big S&P?
Earl
-----Original Message-----
From: Manning Stoller <mstoller@xxxxxxxxxxxxx>
To: omega-list@xxxxxxxxxx <omega-list@xxxxxxxxxx>
Date: Friday, June 12, 1998 10:03 AM
Subject: getting out by doing a mini S&P rollover
>If you still have a position in June mini S&P, you may find the bid/ask
>spread out of line at times making it difficult and perhaps expensive to
>get out of.
>
>A better way is to switch to the Sep contract by doing a switch. The
>current switch quote is 1150 at 1180.
>
>If you are buying the June and selling the Sep, you could do it at 1150
>(when this is being written at 9:00 AM EDT.
>If you selling the June and Buying the Sep, you could do it at 1180.
>
>The main point is you can get out of the June at a fair level relative
>to the Sep.
>
>Manning Stoller
>
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