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

To: tuck who wrote (27)	8/1/2001 5:07:20 PM
From: Dan Duchardt	Read Replies (1) \| Respond to of 88

tuck, So all you lost was a bit of sleep and a few years off your life <ggg>. Speaking of selling options, I decided the other day it would be a grand idea to sell a strangle on BRCD with puts at 30 and calls at 35. I legged in and collected $5, but that stock has been crazy the last few days and I just chickened out and unwound it. The idea I think has merit though. Collect the premium and keep all of it if the stock closes in the 30 to 35 window. Any time the stock moves out of the window, be long on the high side, or short on the low side. It should work fairly well if the stock is not bouncing around too much, but I think I started too early to play the game with that particular beast. Wondering what kind of selling you do. Dan

To: tuck who wrote (27)	8/1/2001 6:36:04 PM
From: underdog430	Respond to of 88

Glad you got out OK Tuck. I'm slowly moving along towards actual trading. Learning to trade futures was a lot faster. Maybe I'm just being a bit gunshy but the conditions just haven't seemed that good for the type of trading that I have in mind. Maybe we're breaking out of the consolidation that we've had for the past three months but I fear that any action will be limited until we're closer to the August FOMC meeting. The Money Show (free) starts in SF tomorrow and I'm going to go check it out. It's a lightweight event, more commercial than educational, but the OIC is giving presentations and it will be a chance to check out the offerings from Schaeffer, Optionetics, etc. Mark