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Post# of 2032
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gloe

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gloe

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Re: gloe post# 698

Friday, 09/01/2006 8:25:07 AM

Friday, September 01, 2006 8:25:07 AM

Post# of 2032
QQQQ credit spread - for you lurkers out there, this is how the two suggestions play out.

1) Sell the Oct 39c Buy the Oct 40 call. Credit about .50; risk about .50. In order to keep the credit, Qs only have to close at 39 or below on October OEx. Above 40, you lose the .50. Your breakeven is 39.50.

2) Sell the Oct 37c and buy the Oct 40c. Credit about 1,90; risk about 1.10. In order to keep the credit, Qs must close at or below 37 on October OEx. Above 40 you lose the 1.10. Your breakeven is 38.90.

Whichever one you choose depends on how good you are at forecating market direction, and how risk averse you are.

There never was a moment, and never will be, when we are without the power to alter our destiny. This second, we can turn the tables on Resistance. This second, we can sit down and do our work.

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