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To: GROUND ZERO™ who wrote (9472)2/6/2006 4:50:38 AM
From: c_hl  Read Replies (1) | Respond to of 12411
 
what if there is a break out?

The way you use is to make money in a small range market, hedge the spiral. If the market is trendy, it is going to lose which you use the spiral to hedge.



To: GROUND ZERO™ who wrote (9472)2/6/2006 8:37:59 AM
From: TFF  Read Replies (1) | Respond to of 12411
 
What's the worst case "what if"? A big jam up in implied volatilities on both sides?