Matthew:
What do you think about trades like these? They are widely-used and accepted (spreads and "covered" calls), yet get slammed @ C2 as being "Extreme Risk"?
Gilbert
BTO 250 QQQHY QQQQ Aug07 51 call
0.32 7/24/07 15:18
0 0.05 (16:10:02t)
($7,999) $0 $0 ($6,750)
Extreme
($6,750) Close
Reverse
STO 250 QQQHX QQQQ Aug07 50 call
0.67 7/24/07 15:19
0 0.18 (16:08:44t)
$16,750 $25,000 $0 ($3,250)
V.High
$12,250 Close
Reverse