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Re: wbmw post# 33950

Friday, 10/13/2006 2:56:27 PM

Friday, October 13, 2006 2:56:27 PM

Post# of 152223
Re: Selling Jan 25's

I've been looking at the same thing today and doing 'what if's' in regards to 'selling to open' the 25's against my 20 and 22 1/2's...kind of like buying a debit or bull spread only I already own the 20's and 22 1/2's. Was thinking if I could write or 'sell to open' 181 contracts of the 25's @ $0.40 I'd get around $7,200...just about what I need for the new snow machine I have ordered. Downside would be the max profit I could get for those 20's I bought @ 65 cents would be 5 bucks and max profit for the 22.5's would be $2.50(bought @0.41). Since at this point I'm just hoping to break even on the cost of all my Jan contracts am thinking this might be a way to go.
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