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[RT] John Cappello uncovered Puts



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John,

Could You give  monthly % return on margin required to support those 
uncovered puts.
Back in 1994 I was selling credit spread 3 months out on both puts & calls on 
OEX trying to get 2.5 points or better on 5 point spreads between strikes so 
my risk was 5 - 2.5(credit) =2.5(risk) or less.

I learn that from one pro Marc Clemonts out of Chicago back in 1994. Market 
was range bound but he was getting constant $10.000 to $15.000 a month on 
$100.000 margin just using 3 month options  credit spreads

Slawek

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