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Strategies & Market Trends : The ultimate play:STRADDLES on earnings announcements.
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To: John Liu who wrote (122)7/23/1997 8:48:00 PM
From: Jay Baca   of 140
 
Joh - Keep searching for the grail! Tell me when you find it.

For a while I was looking at the highs and lows of volatile options like INTC, CSCO..... I began noticing patterns on some days.
Basically if the option opened about $2 range, you could tell your broker to buy a limit order at $1 1/8 (dAY order). Do this with
3 or 4 stocks. Maybe one would trip the limit order. Then just
do a limit order to sell at $2+ so you would double your money.
I never did this. But reviewing hi-low option quotes - it seemed
like it was possible in retrospect.

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J
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