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Strategies & Market Trends : Bonds, Currencies, Commodities and Index Futures -- Ignore unavailable to you. Want to Upgrade?

To: c_hl who wrote (9473)	2/6/2006 4:56:49 AM
From: GROUND ZERO™	Respond to of 12411

That's not a problem at all, I'll take the next buy signal in the June contract and keep this position running until March expiration, not a problem at all... a break out in either direction for this March package is fine, I'm now protected no matter what the market does... the short contracts protect the position if we move lower and the two long calls protect the position in a rally... basically, what I've done with this strategy is lock in the profits (those time premiums) before the time premiums wear out... actually, I'm trading time, not price... I sold the time to the option buyers...<g> GZ