SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Strategies & Market Trends : Advanced Option Strategies
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: OX who wrote (292)2/1/2000 12:29:00 PM
From: tyc:>   of 355
 
no I don't think so Ox. I like to enter a straddle feeling a definite bullish bias. I simply am not familiar with bearish sentiment. Therefore, for me, I would choose just the position that Dell was in... i.e. oversold. And I would hedge the downside just as we did.

All this is very subjective. You may recall that I told you about selling the stock of a covered call because my technical indicators said the stock was topping out. I didn't dare leave the deep-in-the-money calls naked. I neutralised the delta by buying o/m calls. That worked out fine in that the stock has dropped to within a point of the strike price of the short calls and I have now sold puts to convert them into a straddle. This is a bear straddle because the strike is below the current stock price. But even though the stock seems to be heading further south, I daren't pull my protective o/m calls.
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2026 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News