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Strategies & Market Trends : E-Mini Pit
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To: sandeep who wrote (7855)10/24/2002 12:08:50 PM
From: the-phoenix  Read Replies (1) of 11288
 
I agree. That is why I was suggesting maybe buying a QQQ straddle instead. November 25 would cost about $2.20 right here. So breakeven is below 23, above 27 or thereabouts.

In general I would prefer to sell a straddle, but I think we may see more sharp moves over the next month, so would not sell straddles here. The hedged straddle using the underlying is a good strategy, tho.
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