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I would suggest a out of the money strangle
put 1 strike below the current mkt.. and call the same
this position will :
1, cost less
2, have a lower theta
3. pay off if the mkt. moves and the percent pay off will be higher if the
mkt. makes a big move as your investment is lower
Sid.
-----Original Message-----
From: Walt Downs <knight@xxxxxxxxxxxx>
To: Peter Iovanella <ivo1@xxxxxxxxx>; omega-list@xxxxxxxxxx
<omega-list@xxxxxxxxxx>
Date: Saturday, November 14, 1998 6:13 PM
Subject: Re: Best way to make money whther attack or not?
>An "at the money" Long options straddle gives the best probability
>of success under your stated guidelines.
>
>Walt Downs
>CIS Trading Cos.
>
>-----Original Message-----
>From: Peter Iovanella <ivo1@xxxxxxxxx>
>To: omega-list@xxxxxxxxxx <omega-list@xxxxxxxxxx>
>Date: Friday, November 13, 1998 8:59 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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