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Strategies & Market Trends : Systems, Strategies and Resources for Trading Futures

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To: Tom Trader who wrote (2068)8/19/1998 10:52:00 AM
From: The Jedi  Read Replies (2) of 44573
 
Yeah I trade long calls or puts. The premiums are killing but I have noticed that when the momentum is built in the market the premiums do not deflate that fast. I prefer to see the OEX move by 10 points so that delta of 50 gives me a 5 point move on the option. Got to be nimble.

For today if the SPX moves from 1100 to 1115-1120 then OEX will move about 7-10 points so should get 5 points on the option.
Kiri

EDIT: It looks like a setup for selloff on the 15 min SPX!!!!
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