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Old 02-26-2002, 10:26 AM
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Default Re: CPN Update: \"YICH!\" spread almost doubles...



eLROY,

If you think this was a good trade because it made money you are mistaken.I stand by my original statements.There was no vig in selling the puts for 50 cents.Like I said if you did 50 spreads ,just buy less of the puts outright and forget the credit.You realize you might have been assigned the feb puts...and then you would be long the stradddle.but regardless I know you and you would be buying stock to hedge your naked long put position.YICCHHHH...big deal you got lucky,still a lousy option play.
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