I recently done some spreads on a leading index.If I had not done call and put spreads ,the losses would have been $30,000 on 10 contracts.If I had used spreads in the past , it would have saved me a lot of money I bought the index calls 5.3% below and sold it 4.8% below the cash.Also bought the puts 6.4% above and sold at 6%Any body doing any spreads on S AND p dOW AND HAVE A GOOD FORMULAKAV
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