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In a message dated 1/27/00 11:21:03 PM Eastern Standard Time, fritz@xxxxxxxx
writes:
<< I need to look into Ben's approach more closely. Maybe he's found a
way to do this without blowing all your profits on insurance. But I
don't see how you could sell far-out (100pt OTM) calls for as much as
the close-in (25pt OTM) puts cost you....
Gary
>>
hi
the answer is selling march and buying Feb puts
also when selling march i sell 24 calls and buy only 16 puts
and it still COST 20% of the profits
hope this helps
Ben
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