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gloe

08/31/06 11:28 AM

#698 RE: farooq #697

Interesting idea to sell an ITM call. Could do it now for close to a $2.00 credit. $1.00 risk. Never thought of doing it that way. Everyone I know does OTM (often far OTM) credit spreads.

Thanks for the suggestion.

I am going to track this as well. Sell Oct. QQQQ 37 call; buy the 40 call. Credit $1.90; risk $1.10.