SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Strategies & Market Trends : Gersh's Option trades
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Elmer Phud who wrote (70)9/27/2004 10:21:52 PM
From: kaka  Read Replies (1) of 652
 
Elmerp,

-regarding the May 27.5/42.5 short strangle. I'll bet neither will be ITM at expiration. I add to this position and tighten the strikes as the months pass and usually wind up with a short straddle at a strike near where DELL is trading come May.

-regarding the November 35 short straddle. Unless Dell closes at 35 on expiration, one will be ITM. For the past many months, my DELL 35 short straddles have been very profitable so I really don't look at covering the ITM position and opening up new positions as a roll out.

-after the November elections I plan on using this strategy on QQQ's. I like the fact that they have dollar strikes.

-what you are describing is a covered short straddle (I think). This might be a misnomer becuase unless the put is covered with cash, it's still naked with its requisite margin requirments.

I'm going to continue to post my trades.

Good Luck,
kaka
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2026 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News