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

To: David Lind who wrote (3529)	2/24/2000 2:52:00 PM
From: Jeffry K. Smith	Read Replies (1) \| Respond to of 8096

David, thanks so much for posting your trades. I have printed them out to study the strategy. BTW, your post is a lot more user-friendly than McMillan's book! LOL Two questions, 1) did you use anything other than account equity to back up your sales, and 2) what kind of rate of return do you get by using this strategy, versus say, synthetic long covered calls? Thanks and regards, Jeff Smith

To: David Lind who wrote (3529)	2/24/2000 5:05:00 PM
From: DM	Respond to of 8096

Dave Thanks for posting about short strangles, I have been looking at the idea and I think I will need to look a little more closley at it. My problem is deciding what stocks/strikes to sell. Any thoughts appreciated DM

To: David Lind who wrote (3529)	2/24/2000 5:47:00 PM
From: Bridge Player	Read Replies (1) \| Respond to of 8096

<< Best stocks IMO are relatively volatile, with price near the center of recent trading range when the position is opened. >> David, I would be interested in your rationale for this approach, as opposed to one in which you attempt to sell puts when a volatile stock is near the lower part of a trading range, and sell calls when it is near the higher part. Acknowledged that in effect this may be attempting to pick (close to) tops and bottoms..... BP