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Buy a straddle or strangle (buy a call *and* put). You are long volatility,
price neutral. All of this is not simple. It's foolish to trade options
without a proper education. Best I can recommend is either Natenberg's
"Option Volatility and Pricing" (best) or McMillan's "Options as a Strategic
Investment" for the more mathematically challened. It ain't easy, but
nothing of value is.
Regards,
Scott Hoffman
Issaquah, WA
-----Original Message-----
From: Peter Iovanella <ivo1@xxxxxxxxx>
To: omega-list@xxxxxxxxxx <omega-list@xxxxxxxxxx>
Date: Friday, November 13, 1998 5:22 AM
Subject: Best way to make money whther attack or not?
>I've been contemplating some options positions in crude oil, but being
>relatively inexperienced in the options department, was wondering if anyone
>knew of any good ideas that could make money no matter if the market dumps
>or explodes to the upside. What do you all think?
>
>Peter
>
>
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