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Strategies & Market Trends : Gersh's Option trades -- Ignore unavailable to you. Want to Upgrade?

To: Gersh Avery who wrote (8)7/9/2004 1:18:28 PM
From: KB  Respond to of 652
 
Do you always ratio the bracket longs 2:1 to the credit spreads? Or is this the opening position and then you sell additional straddles within the bracket range and the bracket longs are the covering options? If so, do you always keep a minimum number of bracket longs for protection? This is where I've never quite gotten it right - I like having the open longs to protect against a major move, but the combo of being so far OTM and near expiration greatly reduces the protection as op-ex approaches.

KB



To: Gersh Avery who wrote (8)7/9/2004 2:05:09 PM
From: kaka  Read Replies (2) | Respond to of 652
 
Gersh

I'm missing something. Why do you bracket at 30 put and 40 call. What is this protecting?

Thanks


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