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[RT] RE: Re: Overnight disaster insurance?



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-----Original Message-----
From: listmanager@xxxxxxxxxxxxxxx [mailto:listmanager@xxxxxxxxxxxxxxx]On
Behalf Of Proffittak@xxxxxxx
Sent: Friday, January 28, 2000 11:15 AM
To: realtraders@xxxxxxxxxxxxxxx
Cc: realtraders@xxxxxxxxxxxxxxx
Subject: [RT] Re: Overnight disaster insurance?


In a message dated 1/27/00 11:21:03 PM Eastern Standard Time, fritz@xxxxxxxx
writes:

<< I need to look into Ben's approach more closely.  Maybe he's found a
 way to do this without blowing all your profits on insurance.  But I
 don't see how you could sell far-out (100pt OTM) calls for as much as
 the close-in (25pt OTM) puts cost you....

 Gary
  >>
hi

the answer  is  selling   march   and buying  Feb  puts
also   when selling march  i sell   24    calls and  buy only  16 puts
and   it still   COST   20%  of the profits
hope this helps
Ben


Ben
Can you please explain your strategy according to the previous SP example?

Thanks