trade stock, buy stock

[Opening Calendar Spread on EBAY] Dear Member: I have found a volatility based calendar spread on EBAY that appears to provide the chance to sell "expensive" options and buy "cheaper" options on EBAY at the same time. I will place an order that simultaneously sells a call with higher implied volatility and buys a farther out call with lower volatility. In other words, I am trying to create a trade where I am selling high priced options and buying low priced options (as defined by their respective implied volatilities). It will be important that both legs are executed at the same time. I am placing an order to simultaneously buy the Jan '08 40 calls (XBAAH) and sell the Oct 40 calls (XBAJH) on EBAY for a net debit of $1.65. DISCLOSURE: At the time of publication, I have no position in EBAY stock or any of its options. Sincerely, Bill Kraft
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