The OEX... gasp! Message Board

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Strategies & Market Trends : The OEX... gasp!

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To: Patrick Slevin who wrote (408)	1/17/1997 12:08:00 PM
From: Patrick Hartmann	of 658

Hey Patrick, Got rid of the last of my calls (20 OEXAL) at 1 7/16...Don't know that I'll be day trading too much more in the future...maybe transition into "short-term" status....what is your take on the following strategy: I play the calls and puts that cost around a $1...I don't care how far out of the money they are, because these are usually the highest demanded ones due to the cheap costs....right around a $1 their upside is usually higher for point moves then the downside for the same point move in the opposite direction...what do you think of doing a straddle with $1 (or $2) calls and puts and cash out when the market moves either way 20 points. With the currently volatility I think this might not be a bad move....any comments??? Patrick

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