D daoshi Newbie Messages 2 Likes 0 Jan 8, 2009 #1 Hi Guys, Any ideas on what does this mean? "long 150 call spread, constructed of calls 3% below the market and calls 3% above the market." is this a vertical spread or horizontal? Thanks
Hi Guys, Any ideas on what does this mean? "long 150 call spread, constructed of calls 3% below the market and calls 3% above the market." is this a vertical spread or horizontal? Thanks
G gooseman Experienced member Messages 1,776 Likes 219 Jan 8, 2009 #2 vert. 150 call spread means nothing however. you would quote a call spread by listing the two strikes. lower, then higher. so for example dow, around the money call spread : march 09 8750/890 call spread.
vert. 150 call spread means nothing however. you would quote a call spread by listing the two strikes. lower, then higher. so for example dow, around the money call spread : march 09 8750/890 call spread.
