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Strategies & Market Trends : DAYTRADING/SWINGTRADING STOCKS with INTRADAY INVESTMENTS

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To: - who wrote (436)7/24/2001 10:59:44 AM
From: BrooksR   of 565
 
(Oops - sent this to myself by accident)

Hi Steve,
There is a fellow with a website that makes monthly straddle calls: www.streetscanner.com and seems to be successful at it.

The interesting thing is that he only makes them expiration week. The downside is that there isn't much time for the stock to move, but OTOH it doesn't take much to increase the options because there isn't much time value in it. What do you think about this strategy?

Generally, how days are there until expiration when you put on a straddle? Do they usually turn profitable long before expiration?

Brooks
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