Waiting for the big Kahuna Message Board

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Strategies & Market Trends : Waiting for the big Kahuna

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To: IQBAL LATIF who wrote (6339)	10/15/1997 1:41:00 PM
From: Tom Trader	of 94695

Hi Iqbal --thanks for your comments and kind words Please give me your opinion regarding this trade that I am contemplating. I know that you don't like to sell naked options but I do it all the time. I am long the OEX Nove 915 puts as protection on the down-side but have no protection on the upside. >>An interesting trade that I am contemplating right now is to sell a short straddle on the OEX Oct 925. I can pull in premium of 14 points and will be protected if the OEX stays within a range of 910 to 940--over the next two days. This equates to the DOW staying within 8200 to 7920, give or take--for the next two days. << I guess my question for you is what are the chances that the OEX will stay between 910 and 940 by close of trading on Friday??

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