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<DIV><FONT color=#000000 size=2>Good Afternoon RTer's</FONT></DIV>
<DIV><FONT color=#000000 size=2></FONT> </DIV>
<DIV><FONT size=2>I know there are a lot of CycleTrader Users out there, so I
thought I would bring you up to date on the the up and coming release of CT 5.0.
It should be going to beta testing in 2-3 weeks if all goes well. Depending on
how beta testing goes, which should be pretty smooth since their programmer is
quite good, it should not be long after that for the final release. One new
feature that has been talked about is the automation of the timing bands. Boy,
would that be great or what. More to follow as information comes
available.</FONT></DIV>
<DIV><FONT size=2></FONT> </DIV>
<DIV><FONT size=2>Sincerely,</FONT></DIV>
<DIV><FONT size=2></FONT> </DIV>
<DIV><FONT size=2>Richard J. Chehovin</FONT></DIV></BODY></HTML>
</x-html>From ???@??? Wed Jun 03 16:37:54 1998
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From: ResearchDepartment@xxxxxxxxxxxxxx
To: RealTraders Discussion Group <realtraders@xxxxxxxxxxxxxx>
Subject: Re: Gen: The problem with the subject of systems.
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I tried an Iron Butterfly once and it didn't work. I have never given up the idea of options
strategies like this though. I currently have several statically stable models that I know very well
the personalities of. Given the models performance I have been strictly doing covered writes only. I
will do some strangles every so often. Seems sometimes we get in ruts and so we do what we know
best. When my system has a open trade profit that's 2 to 3 times the average I go in and sell to
cover. I would like to do the butterfly's but haven't figured out when to do them. I like to wait
until there is only 2 weeks till expiration to sell calls/puts now. But I am open to any suggestions
anyone might have.
Tullman, Mitch wrote:
> If you are riding short straddles...the easiest thing to do to protect
> profits
> is turn them into "iron butterflies" by buying the wings when they are
> cheap enough
>
> example: sell 50 straddle
> buy 45 put
> buy 55 call
>
> Need to do the whole thing for more than $5 to make money.
> > -----Original Message-----
> > From: dbtg [SMTP:dbtg@xxxxxxx]
> > Sent: Wednesday, June 03, 1998 10:42 AM
> > To: RealTraders Discussion Group
> > Subject: Re: Gen: The problem with the subject of systems.
> >
> > Hi,
> > Thanks for a great list; the postings over the last two weeks
> > were about the best since I've been on. I am still a newcomer
> > to this business but I'd like to contribute something.
> >
> > - I think the CONNORS VIX reversal kicked in two days ago,
> > can anyone confrim this? I do it manually and the 5-day RSI
> > was 80 plus on Monday.
> >
> > - Has anyone tried the TRIN THRUST signal; I read about it somewhere.
> >
> > - There isn't a lot about OPTIONS in the RT ; I'd like the DOCTOR &
> > others to comment on getting out of an option STRADDLE.... It's very
> > slippery, trying to track both sides, I made a mess of the first one
> > and
> > my profits fell from 1800 to 250 in a few minutes. Looking back, I
> > realized
> > I wasted too much time deciding what to do, procrastination being the
> > thief
> > of time, AND money.
> >
> > - Option Decay : again this is new to me... but the OEX premiums seem
> > to
> > be decaying very fast this month!!!! I haven't looked at it closely
> > but it
> > seems as if
> > the premium decay accelerated last Friday and are evaporating by the
> > minute.
> > I expected this type of decay after Friday's report. Short straddle?
> > strangle?
> >
> > Many thanks
> >
> > -----Original Message-----
> > From: BrentinUtahsDixie <brente@xxxxxxxxxxxx>
> > To: RealTraders Discussion Group <realtraders@xxxxxxxxxxxxxx>; Scot
> > Billington <scot.billington@xxxxxxxxxxxxx>
> > Date: Tuesday, June 02, 1998 11:03 AM
> > Subject: Re: Gen: The problem with the subject of systems.
> >
> >
> > >Scott and group,
> > >
> > >> Do you trade to avoid boredom or to make money?
> > >
> > <<< SNIPPED a long section here >>>>
> >
> > >So what types of posts would I like to see? Revealing ones I suppose.
> > For
> > >me pictures are worth thousands so I appreciate the .gifs.
> > Personally, I
> > >would like to talk with experienced parties that trade and understand
> > >Option Straddles. Having looked around I haven't found too much out
> > there
> > >about that. I don't quite have the RX for Real Traders, part of the
> > problem
> > >is the nature of the beast.
> > >
> > >Rambling on,
> > >
> > >Brent
> > >
> >
> >
> >
--
TC
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