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Strategies & Market Trends : TA setups-ex th traders -- Ignore unavailable to you. Want to Upgrade?

To: CraftBrew who wrote (5593)	1/30/2005 9:58:51 PM
From: cthruu	Read Replies (1) \| Respond to of 7682

I understand you scaled into the straddles. GOOG made three stabs at 202-205 and should gap up tomorrow. If it is possible for you, why not look at possibility of selling 190 or 195 puts against your 180 puts and turn it into a directional bull put spread? ttrader.com\'s%20charts&id=879&d=2 Just a thought - if you keep the short puts on a tight leash you may be able to recover your investment in long 180 puts. Also this way you are not selling naked puts on a $200 stock. I think this time around it should take out the triple top. If it does, you may recover your investment in both calls and puts. However if it fails again you cover your short puts, sell the long calls, take profit off of the table and run for your life - of course, keep long puts in play. If you can not watch during daytime because you are a working grunt like myself, place contingent stops.