[realtraders] credit spreads(puts and calls at same time) {05}

[Gwenael Gautier <ggautier@xxxxxxxxxxx>]

Thanks very much again for such detailed strategy

Gwenn

Proffittak@xxxxxxx wrote:

> In a message dated 11/29/99 12:43:11 PM Eastern Standard Time,
> ggautier@xxxxxxxxxxx writes:
>
> << Thanks much for sharing, I've done similar things on TBonds but without
> buying
>  back the aisles systematically... Got a few questions:
>  1 - Did you study the 10 point spreads as well or for what reason did you
>  consider the 5 point spreads to be best?
>  2 - At what time of the month do you put these on? at expiry, a day befor or
>  after, or at months beginning?
>  3 - Do you ever move these or do you ALWAYS let them go to maturity?
>
>  Thanks very much again,
>
>  Gwenn
>   >>
> hi
> risk reward does not   reward enough  on a 10 point spread
> I always do it on expiration day
> I let them expire worthless on expiration
> BUT  i watch it daily on my fax report from the  broker
> if i am at a loss of  2000 for  each 10  calls and puts i  close the position
> at a loss
> I lose  3 times a year  and win  9 month a year