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While selling the options, (Straddles or strangles), one must be careful. YOu can
cover yourself. This is doable in my view. I have used the strategy as well in my
short experience.
Girish Patel, M.D.
Walt Downs wrote:
> OptionTdr1 wrote:
> >
> > I've used the Bliss strategy at web site Optionstrategies.com and the results
> > are real. It's basically a short strangle strategy. This strategy has always
> > been a favorite of mine. I consistently make $$$ utilizing it.
> >
> > Bill
>
> Bill and all,
>
> I am curious as to who takes the hit when the SP has another few
> days like October of this year, and 1987?
>
> I can picture THAT phone call ---
>
> "Well gee, we were wrong this time, so here's 500 bucks, and a
> $2,000,000 margin call. "<G>
>
> Is Mr. Selin adequately representing the risks inherent in such a
> trading plan ??
>
> IMO, this sounds like a good way for a brokerage to collect nice
> fees 90% of the time, and walk away leaving the client holding the bag
> the 10% of the time that the strategy fails.
>
> Walt Downs
> CIS Trading
> http://cistrader.com
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