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Technology Stocks : INTEL TRADER

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To: Berney who wrote (3914)9/14/1998 3:11:00 AM
From: James C. Mc Gowan  Read Replies (1) of 11051
 
Gonzo: re: SPX long straddle
Enjoy your TA posts; do you pick the target for the long straddle,as each trading day starts, e.g. Friday close of SPX at 1009, and add maybe 5-6 points for strongish opening Monday or whatever, and buy in at 1015 with equal amounts of puts and calls at that strike price?
Do I understand this strategy correctly?
Also, what has been your holding period in this very volatile market condition? Any thoughts on picking a sell target on the straddle trade?
Thanks for any help you can provide.
vocex
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