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Strategies & Market Trends : Canadian Options

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From: mikehawke6/9/2006 7:46:26 AM
   of 1598
 
Yes, I'm Canadian and could someone explain for hedging selling a call, buying a put 5% out of the money and selling one for 15% out of the money?
I read this is a good strategy.
Also does anyone know a good site for generating option strategies?
I think option express is good but I would like further input?
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