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Strategies & Market Trends : Advanced Option Strategies -- Ignore unavailable to you. Want to Upgrade?


To: tyc:> who wrote (282)1/27/2000 11:41:00 AM
From: tyc:>  Read Replies (1) | Respond to of 355
 
Opening Dell paper trade testing straddle strategy

Stock price 39 7/8bid 39 15/16 sell

May 45 Call bid price $3.00
may 45 Put bid price $7.25

Sold two straddles for total premium receipt of $2,050

Short sold 100 shares common @ 39.875

(we might lose money on this hedge because stock is more-than -a little below the 1SD band that will trigger closing it)

Will review daily but will report only activity.