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Strategies & Market Trends : Calls and Puts for Income -- Ignore unavailable to you. Want to Upgrade?


To: wilywilly who wrote (3108)9/30/2008 6:14:43 PM
From: kaka  Respond to of 5891
 
wilywilly,

re: 'KaKa, I'm curious how you adjust your short strangles after a major sell off in the indices like Monday's?'

Didn't adjust previously opened Oct positions. Didn't have to as they are far enough away from the underlying. Would never adjust this early in the cycle anyway. Over the past two days used the idiotic market fluctuations to open more short Oct positions at some wonderful premiums.

cheers,
k