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


To: kaka who wrote (122)10/22/2004 2:28:41 PM
From: Elmer Phud  Read Replies (1) | Respond to of 652
 
kaka

For the QQQ strangle, what is your exit strategy? Will you roll the one that goes ITM(assuming one does) or will you simply close out?



To: kaka who wrote (122)10/22/2004 2:28:45 PM
From: Gersh Avery  Read Replies (1) | Respond to of 652
 
"35/37 QQQ strangle @ .80"

I'm confused .. a strangle would be a 35 call and a 37 put. Correct?

That would have a face value of $2.00 .. Am I missing something here?

Or would that have been a straddle with 37 calls and 35 puts?