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Thanks for that I haven't looked at the Fishback in the Explore.
I see it also finds High Volatility as well.
Well Done with the AIG Trade. What was the entry date?
--- In equismetastock@xxxxxxxxxxxxxxx, "rvalue1" <rvalue1@xxxx>
wrote:
>
> Sparkie - you may also want to check out the MS ODDS and analysis
by
> Fishback. Came with the software. Do a Explore and see what you
find
> on low volatility set-ups for straddle/strangle .. just came off a
> winning AIG trade that way.
> --- In equismetastock@xxxxxxxxxxxxxxx, "sparkie1168"
<sparkie68@xxxx>
> wrote:
> >
> > I will do my best.
> > Have a look at NKE (US Market) and on the 9th of May 2005 you
> should
> > see the Bollinger Bands Squeezing together. This is the pattern
I
> > look for.
> > Then I look for a straddle or strangle trade using stock options.
> > The following trade was placed on the 10th of May 2005
> > Buy 1 July 05 85Call @ 45
> > Buy 1 July 05 70Put @ 65
> > Total Debit 110
> > Trade Closed 15th of June 05
> > Sell 1 July 05 85Call @ 400
> > Sell 1 July 05 70Put @ 0.00 (or let it expire worthless)
> > The above trade was a Strangle trade, buying a call above the
stock
> > price and buying a put below the stock price. This Squeezing
> pattern
> > doesn't happen all the time but when it does some good non-
> > directional trade opportunities can be taken.
> >
> > Hopefully this is helpful
> >
> >
> >
> >
> > --- In equismetastock@xxxxxxxxxxxxxxx, rkgirs <no_reply@xxxx>
wrote:
> > >
> > > Can you slightly explain, how to use it actually?
> > >
> > > --- In equismetastock@xxxxxxxxxxxxxxx, "sparkie1168"
> > <sparkie68@xxxx>
> > > wrote:
> > > >
> > > > Hi,
> > > > For those of you who like to trade straddles/strangles with
> > options
> > > > one pattern that works well, is when the Bollinger Bands
start
> > > > squeezing together.
> > > > Have Fun with the Squeeze :- )))
> > > > To find the Bollinger Band Squeeze with Metastock create the
2
> > > > indicators below:
> > > >
> > > > BollingerBandHistogram
> > > > X:= ((C+2*Std(C,13)-Mov(C,13,E))/(4*(Std(C,13)))*100);
> > > > Blue:=If(X>80,X,0);
> > > > Red:=If(X<80,X,0);
> > > > Blue; Red;
> > > >
> > > > BB Squeeze
> > > > If(Fml("BollingerBandHistogram")>45AND Fml
> > ("BollingerBandHistogram")
> > > > <55,1,0)
> > > >
> > > > Then create the below in your Explorer.
> > > >
> > > > Straddles/Strangles
> > > > EXPLORATION NOTES
> > > > -----------------
> > > > Finds Stocks that have the Bollinger Bands Squeezing
Together
> > > > CALCULATION PARAMETERS
> > > > -----------------------
> > > > Periodicity: Daily
> > > > COLUMN FORMULAS
> > > > ---------------
> > > > ColumnA: Close
> > > > CLOSE
> > > > ColumnB: Squeeze
> > > > Fml("BB Squeeze")
> > > > ColumnC: 2DaySQ
> > > > If(Fml("BB Squeeze") AND Ref(Fml("BB Squeeze"),-1)=1,1,0)
> > > > ColumnD: 3DaySQ
> > > > If(Fml("BB Squeeze") AND Ref(Fml("BB Squeeze"),-3)=1,1,0)
> > > > ColumnE: 5DaySQ
> > > > If(Fml("BB Squeeze") AND Ref(Fml("BB Squeeze"),-5)=1,1,0)
> > > > ColumnF: 8DaySQ
> > > > If(Fml("BB Squeeze") AND Ref(Fml("BB Squeeze"),-8 )=1,1,0)
> > > > FILTER SOURCE
> > > > -------------
> > > > Filter Enabled: Yes
> > > > Formula:
> > > > colA>20 AND (colB=1 OR colC=1 OR colD=1 OR colE=1 OR colF=1)
> > > >
> > >
> >
>
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