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Re: maksim post# 22

Saturday, 12/13/2008 2:37:12 PM

Saturday, December 13, 2008 2:37:12 PM

Post# of 189
Question on your VIP dec/jan spread. If VIP jumps to $10 next week you may have to cover by exercising the jan call, so you lose 0.75. Unlikely. But your expectation is that it will above 10.75 by jan expiration? How will you manage this spread?

The reason I'm excited (see my previous post) about the calendar idea is my expectation for the near term is neutral/bearish, but long term (year or more) it's moderately bullish. In the bear market we are in, I think this works great.

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