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Strategies & Market Trends : The ultimate play:STRADDLES on earnings announcements.

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To: John Liu who wrote (106)7/21/1997 6:18:00 PM
From: Jay Baca   of 140
 
John - I read "you should never buy an option with a market order or
you'll get scalped". Instead - try to buy the latest quote as a limit order?

Experiment II

Upcoming earnings - strangle for Aug options
One contract

bay 25p @ $75.
30c @ $125.

nscp 40p @ $167.
45c @ $275.

Let see what happens.

Ibm beat estimates, but revenues were flat. Mcaf did well!

J
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