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Strategies & Market Trends : The Covered Calls for Dummies Thread
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To: Uncle Frank who wrote (1940)8/12/2001 2:50:05 AM
From: Mathemagician  Read Replies (1) of 5205
 
Do I take that to mean you recommend strangles in a negatively biased market?

No. In general, I recommend strangles if you already have some stock, want more, and are neutral to slightly bullish. If you are bearish, buy some puts. If you are very bullish, buy a few calls. If you are neutral to slightly bullish and want to establish a position, sell some puts. If you are neutral to slightly bullish and have enough stock, sell calls. I think that just about covers it. What's left? Well, the details.

That reminds me of an old joke. To a mathematician, God is in the details. To an engineer, the devil is in the details. Unfortunately, in the real world we are all engineers. Put another way, "In theory practice is a lot like theory, but in practice it's not."

dM
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