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Strategies & Market Trends : Zeev's Turnips - No Politics -- Ignore unavailable to you. Want to Upgrade?


To: lh56 who wrote (14756)12/20/2001 12:10:11 AM
From: mishedlo  Read Replies (1) | Respond to of 99280
 
a dec 45 straddle at 45 would cost you 3 points and you would lose it all if closed at 45. 100% Not recommended.

Now if you mean sell both the 45 call and put and try and pick up 3 points that is different.

If yo do not mind unequivically being short at 45 selling the calls for $1.9 (of course you could have gotten close to $5 for these yesterday) and then sell the puts DEC 45 puts if it drops to say 44, you might be able to pick up $4 for a stock that goes nowhere. LOL

M