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Gold/Mining/Energy : Big Dog's Boom Boom Room

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To: zebra4o1 who wrote (142073)11/22/2010 1:54:34 PM
From: CommanderCricket1 Recommendation  Read Replies (1) of 206329
 
Zeb,

Don't buy options. Why try to get both the timing and pricing correct?

Sell IOC puts and calls.

I've got a short strangle that has worked well on IOC for over a year. Sell puts on the channel lows, sell calls on the channel highs and let decay do its work.

My current IOC channel is sell puts at $65/$70 and sell calls at $90.

Reposition as appropriate.
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