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Strategies & Market Trends : BEFRIEND THE TREND Short-term Options Trading Thread
QQQ 629.43-0.6%Jan 29 4:00 PM EST

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To: SusieQ1065 who wrote (48)2/2/2002 6:37:15 PM
From: Hans  Read Replies (2) of 4058
 
Thats a nice track record on the option straddles. I've done best with selling puts (or calls), as most options expire worthless. I've always assumed that most straddles would waste away before there was any profit. How do you pick the stock and strike price? I assume the exp date is always 1 or 2 months out.

Hmm... what does McMillan say on closing a straddle? It was something non-intuitive, about locking in the profit. It's been years and I don't recall.

-hans
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