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Looking for comments from anyone that's done anything similar to the
following.
Consider 2 companies (stocks) in the same line of business and in this
example operating in the same geographic region. Their symbols are DORL and
RGFC. Only DORL has options.
DORL's historical (14 day) StdDev is .26
RGFC's historical (14 day) StdDev is .37
Relative beta is (RelBeta) 0.70. (i.e., .26/.37)
When Close of DORL*1000*RelBeta > RGFC*1000*some 1.x then
buy DORL deep puts and buy RGFC shares.
Now change the concept to intraday. It seems to work.
How could one scan for similar opportunities?
Colin West
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