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<DIV>Hi Alex,</DIV>
<DIV> </DIV>
<DIV>This is a bear call spread and as such is best used with a
declining stock. It will reach it's max. profit if the stock
drops below the lower strike price. If the price remains there both
options will expire worthless. The max. profit is the credit received -
commissions. The max loss is the difference in strike prices - credit
received - commissions. Use this position when you are moderately
bullish. If you are very bullish, just buy a put.</DIV>
<DIV> </DIV>
<DIV>
Good luck and good
trading,</DIV>
<DIV> </DIV>
<DIV>
Ray Raffurty</DIV>
<BLOCKQUOTE
style="BORDER-LEFT: #000000 2px solid; MARGIN-LEFT: 5px; MARGIN-RIGHT: 0px; PADDING-LEFT: 5px; PADDING-RIGHT: 0px">
<DIV style="FONT: 10pt arial">----- Original Message ----- </DIV>
<DIV
style="BACKGROUND: #e4e4e4; FONT: 10pt arial; font-color: black"><B>From:</B>
<A href="mailto:alevitin@xxxxxxxx"; title=alevitin@xxxxxxxx>Alexander
Levitin</A> </DIV>
<DIV style="FONT: 10pt arial"><B>To:</B> <A href="mailto:kohath@xxxxxxxxxxxxx";
title=kohath@xxxxxxxxxxxxx>kohath</A> ; <A
href="mailto:realtraders@xxxxxxxxxxxx";
title=realtraders@xxxxxxxxxxxx>realtraders@xxxxxxxxxxxx</A> </DIV>
<DIV style="FONT: 10pt arial"><B>Sent:</B> Thursday, July 15, 1999 2:28
PM</DIV>
<DIV style="FONT: 10pt arial"><B>Subject:</B> Re: Fw: Puts and Calls</DIV>
<DIV><BR></DIV>Options are fine trading instrument with endless strategy to
sute any particular case. And if you come up with absolutely new strategy
there are exotic options to tailor to your "crazy" case.<BR><BR>In case of OEX
example you can sell the call and then buy another call of the higher strike
price. Then you loss will be limited to the difference between price strikes
(it is not so bad). For instance, if you take in a $1.00 credit for your
spread (sell call, buy call) and spread is only $5 a part, then only after 4
successful trades you are home free (cannot loose any money). Plus, it
requires a total disaster to lose all $4 dollars. Why not to loose, let us
say, $2 and quit (I have heard that it is beautiful right now in Tahiti). Just
as example. There is a strategy for everyone.<BR><BR>Yours,
Alex.<BR></BLOCKQUOTE></BODY></HTML>
</x-html>From ???@??? Thu Jul 15 18:36:20 1999
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Date: Thu, 15 Jul 1999 20:08:04 EDT
Subject: Aberration
To: realtraders@xxxxxxxxxxxx (RealTraders)
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Status:
Anybody out there have anything to say good or bad about the Aberration
Trading System? Am looking at it and would like some feedback. Thanks.
Gary
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