|
PureBytes Links
Trading Reference Links
|
Any comments from option traders on the doability of the "low risk" trade
noted below.
John
>Option Trade 11/22/99
>Nov./Dec. Trade
>
>Good morning,
>Our trade for this month naked id Sell 1330 Puts @ 5.0 points, and Sell
>1525 Calls @ 2.0. The premium for the calls is a little light, but I think
>we need to make an effort to get them filled if we are going to do them. I
>feel the market needs to pull back and we may not have much of a chance to
>get them off if we wait.
>
>For our low risk trade We are going to Sell 1335 puts @ 6.7 and Buy 1325
>puts @ 3.0. We are going to Sell 1480 calls @ 6.5 and Buy 1490 calls @
>2.5. Two things we need to do today is 1 get the calls filled 2nd I feel
>we might be a little safer to buy the puts first instead of sell like we
>normally do. Like I mentioned above, I feel the market needs to pull back
>and if it does I don't want to get caught. IF we get the spreads off for
>what we want we will have a profit of $1925 or a loss of $575.00.
______________________________________________________
Get Your Private, Free Email at http://www.hotmail.com
|