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<DIV><FONT face=Arial>What is the most effective site(s) offering option string
quotes for stocks, commodities and indexes?</FONT></DIV>
<DIV> </DIV>
<DIV><FONT face=Arial>Thanks,</FONT></DIV>
<DIV><FONT face=Arial>John</FONT></DIV></BODY></HTML>
</x-html>From ???@??? Sun Nov 28 08:20:14 1999
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From: "Dr. John Cappello" <jvc689@xxxxxxxxxxx>
To: <realtraders@xxxxxxxxxxxxxxx>
Subject: [realtraders] Cappello Strangles {04}
Date: Sun, 28 Nov 1999 11:13:55 EST
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Status:
To List:
I do not post to create anymosity and dislike being side tracked.I believe I
posted the numbers I suggest and the logic behind them.It is not perfect but
workability is the goal.
More importantly I am prepared to post what could be a most excellent trade
along with the logic.One can sell a naked Feb. 1220 put at a price I was
given based upon Fri. close for 11.75.Suppose it is only 11.0 then the
premium would be $2750.To hit that number the S&P would have to close 15%
below current levels in Feb.,something that I do not believe has happened in
5 years.It has penetrated but not closed below according to data given me.
Likewise,if you got cold feet you could buy the put if it hit 1245 for
pretty close to your premium or a slight loss based upon current price
action which I know is subject to change but is at least a hardcore number.
Everything is risk/reward and in the final analysis would it really be so
bad to be long at 1220 if you got executed.
This is a new area of study for me and I apologize if I offend those who
know more than I do.I still expect something to come of it.
Sincerely,
John
>From: "hans esser" <he96@xxxxxxxxxxxxxx>
>Reply-To: he96@xxxxxxxxxxxxxx
>To: <realtraders@xxxxxxxxxxxxxxx>
>Subject: [realtraders] Cappello Strangles {03}
>Date: Sun, 28 Nov 1999 15:02:36 +0100
>
>
>"Norman E. Phair" <ericrogers@xxxxxxxxxxxxx> wrote:
> > Hans:
> >
> > You said to John:
> >
> > > There is enough software outta
> > > there who does some nice graph - if you provide those numbers I have a
> > > look.
> > >
> >
> > John no doubt spend a lot of time researching the
> > information to give us the idea.
> > Now you want him to spend more time to provide you
> > the numbers and you will be
> > so kind as to "have a look."
>
>As he created the idea - he MUST have the numbers and as HE wanted
>
>""Comments?..Suggestions?..Critique?..Help?..""
>
>how could we give it MORE precise as with HIS numbers ??? whats the point
>of each and everyone uses their own DIFFERENT numbers ?
>
> > Isn't that nice of you.
> > Why do you not get off your ____
> > ____ and do some work on your own. Were you born with
> > a silver spoon in your mouth?
> > The next thing, you will ask him to place the order for
> > you. Or maybe he will be willing
> > to do the spread in his own account and send you the
> > profit.
>
>...bla bla bla bla - very efficient comment
>
> > I and a lot of other people on
> > here I am sure are grateful to John for his ideas.
>
>GOOD and I wanted to send some Probabilty charts with HIS numbers so all
>can learn and we can all discuss the SAME THING and not everyone uses his
>own price assumptions
>
> > Take the information and do the research yourself,
>
>GIVE ME THE NUMBERS and I do it - I havent asked for anything else..
>
>As GARY FUNKS very interesting post showed there is a big difference in
>price each day and in volatility - so anyone taking his OWN number and
>answer johns post will be just a big generalisation.
>
>Why havent you answered to JOHNs mail if you know it all ? Only thing you
>do
>is attack someone who is interested and want to discuss the issue after
>JOHN
>posted the thing a second time as YOU didnt provide the answer in the
>first
>place.
>
>I arrived at this list just 1 week ago and didnt know that I have to send
>my mail
>to you first for EDITING - THANKS
>
>rgds hans
>
>
> > if you like the results step up to the plate.
> >
> > Norman E.
>
>
>
>
>
>
> > "Dr. John Cappello" wrote:
> > >
> > > 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
> > >
> > > ______________________________________________________
> > > Get Your Private, Free Email at http://www.hotmail.com
> >
> >
>
>
>
>
______________________________________________________
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