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I am going to try to stir interest in this one more time.I have been
studying this and hate failure.In my pursuit I have not come across this
method which concivably could work 9 of 10 times.In examination you will see
price is set 7% from upper and lower limits penetration that may only happen
1 or 2 times per year.Assuming the worst [$1500 premium X 10 wins = $15,000
- protection cost - premium or $3500 -$1500 [2 X $2000]= $11,000 profit per
Strangle per year.My estimate is $7500 per Strangle could make this
lucrative.
> >
> > I think Strangles are doable if:
> >
> > 1.You can sell a 1510 call at a decent price.
> >
> > 2.Sell a 1320 put at a decent price.
> >
> > Protect the position by buying a 1510 call if S&P
> > hits 1485 and buying a 1320 put if S&P hits 1345.
> >
> > Comments?..Suggestions?..Critique?..Help?..
> >
> > Thanks,
> >
> > John
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