[RT] OPT: OEX and Tech analysis

["Gitanshu Buch" <OnWingsOfEagles@xxxxxxxxxxxxx>]

>what do you mean "hiding behind straddles?"

I guess the politically incorrect way is to say this:

- To skin this atr(14) > 20 cat
- To bag this BollingerBand bagpiper pattern
- To explode the ticking vix bombs
- To go to sleep after putting on the trade and wake up at alarms set at 770
or 810 before expiration.
- To say "I didn't know it would top but I called the top" or
- To say "I didn't know it would bottom but I called the bottom"

the 785p 795c strangle with OEX at 790, @ < $2,000 per lot is a good bet.

Lift one leg at breakeven or profit, ride the other one for free into
expiration.

There are other ways (lower cost hence lower capital exposure) to do the
same thing. But this is the way I done it.

Gitanshu

Attachment Converted: "f:\eudora\attach\snap58.gif"