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Strategies & Market Trends : Bonds, Currencies, Commodities and Index Futures

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To: c_hl who wrote (9464)	2/6/2006 4:18:14 AM
From: GROUND ZERO™	Read Replies (1) of 12411

Exactly correct, and between both strategies, you reduce your risk exposure to these markets significantly... since I have two strategic positions, this morning I bought a pair of March 1275 calls for 15.7 each, a bit higher than last Friday's close, but that's okay... so in all, I took in a total of 84.3 points on the short options plus the 10 points I made on the 1275.50 short contract, this is a gross of 94.3 points, and it cost me 31.4 points for complete protection... therefore, I take in 62.9 points between now and March expiration no matter what the market does... I can only give back 9.5 more of those points (for a net of 53.4 points) if the market finished higher than 1275.00 since I'm also short that second position at 1265.50... this should be interesting... GZ

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