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Strategies & Market Trends : Advanced Option Strategies

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To: Cell Tower Jack who wrote (245)12/4/1999 11:44:00 AM
From: Greg Higgins  Read Replies (1) of 355
 
Lee Meisenburg writes:
Sure wish you would make an appearance on this thread again!

I'm here.

Currently my major play is the DJX MAR 110 Straddle which I went long last Nov 19 after noticing that VIX was low. I paid 10 3/4 for the straddle (note the 112 is asking 10), and just yesterday made my first follow-up action, selling the 110 put and buying the 112 put. This cost me an additional 5/8, but guaranteed $2.00 in position.

My intention is to keep rolling up or down and every few months roll out in hopes of eventually eating into the initial nut and widening the range of guaranteed position value.
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