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Old 10-19-2007, 02:54 PM
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This member is the original thread starter. Re: Credit Spreads

Currently working another SPY order (yay volatility)

158/160/141/139 IC for a .52 credit. I'd be really surprised if I get a fill on this, but wanted to put it out there just in case. It's a really nice ROI for a *kind* of riskier play with the short call being at 158. That'd basically be putting the SPX at 1580 and with what looks to be a failed break attempt in the SPX, I do feel pretty safe with it.


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