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In a message dated 11/26/99 7:04:19 PM Eastern Standard Time,
jvc689@xxxxxxxxxxx writes:
<< 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 conceivably 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.
> > >>
hi
this sounds good in normal times
now we are in hi risk time
if you did this in third Fri of Sep 87
and try to cover in Fri 10/15/87 your loss would have been drastic
an easy way to do this is what i do all year
i sell DEC 825 oex calls and buy DEC 830 calls
i sell DEC 700puts and buy DEC 695 puts
on a 250000 mutual funds portfolio i do 30 per month
and never have to worry
(Max loss is 15 times 500 minus premium collected)
this works 9 month out of 12
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