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I went in in 9/6/05 and got out on my Nov strangle I think, 11/6/05.
Should have bought a month or two more further out. I use a slight
variation off the base method to help me tune the timing of placing
the straddle/strangle - after it breaks out.
--- In equismetastock@xxxxxxxxxxxxxxx, "sparkie1168" <sparkie68@xxxx>
wrote:
>
> 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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