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Technology Stocks : Cisco Systems, Inc. (CSCO) -- Ignore unavailable to you. Want to Upgrade?

To: Ron who wrote (53092)	5/17/2001 10:47:55 AM
From: Wyätt Gwyön	Read Replies (2) \| Respond to of 77400

By the way I am agnostic on CSCO. It goes up, I make money, it goes down, I make money. the only way i know to have your cake and eat it like this is to buy a straddle or some other kind of option combination. but even then, imho you are still making a bet, albeit a direction-agnostic bet: the bet being actual volatility will exceed that implied by the price of the straddle. if your theory of growing institutional holdings is true, then i would think that would tend to reduce volatility, which would run contrary to the aims of a straddle imho. of course, perhaps you just mean that sometimes you're short, sometimes you're long. in that case, you're in good company with all the daytraders doing this. but somehow i don't think they all make money, except perhaps the ones living in Lake Wobegon.