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Strategies & Market Trends : Calls and Puts for Income

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To: kaka who wrote (766)6/18/2007 4:12:09 PM
From: Elmer Phud  Read Replies (2) of 5891
 
kaka

You can define your maximum losses and minimize your risk by writing iron condors instead. Also, writing against the indices instead of a single equity minimizes the risk of large swings due to events relevant only to a single stock.

I've been doing exactly this. My preference is an index like you said but I'll play large healthy companies as well.

So far I've only found a small number of issues with options that trade on 1$ strike increments and also allow bid/ask on penny increments.

QQQQ $1 Strike, $0.01 inc
INTC $2.5 Strike, $0.01 inc

Anyone know of any others?
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