The ultimate play:STRADDLES on earnings announcements. Message Board

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

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To: John Liu who wrote (112)	7/22/1997 3:36:00 PM
From: Jay Baca	of 140

John - remember my strangle experiment? Here are some mumbers.... ibm 100put bought@425 sold@362 110call b@412 s@188 mcaf 75put b@388 s@875 80call b@425 s@ could not find quote I think mcaf was down $9. when I looked these option quotes up. ibm was down $2. MCAF beat estimates - but their being sued by Symatec (Norton utilites/virus protector) The strangle strategy doesn't look very profitable in this case. but we still have a long time till expiration - so you didn't have to sell - if you played your cards right - you could probably come out ahead if you held on to the losing positions. Qntm's chart looked good up until a last wed. but hindsight is 20/20 J geocities.com ps - john, it looks like we have this thread to ourselves.

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