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Strategies & Market Trends : Waiting for the big Kahuna -- Ignore unavailable to you. Want to Upgrade?

To: GROUND ZERO™ who wrote (87587)	5/28/2009 8:34:54 PM
From: Real Man	Read Replies (1) \| Respond to of 94695

Well, I'll rest a bit, and I see RIMM reports right on June 18, 1 day prior to June expiration, so I'll look into a RIMM straddle on that day. So far June expiration is tilted to the downside (with Max pain around SPY = 80), which bothers the bull in me. It's a big month. This could be an opportunity to short around the beginning of the month, but who knows. Sometimes things just run into such lopsided expiry only to crash the week after. July expiry is actually higher. The bear in me wants to see some downside action before jumping on the bandwagon. So, I'll just sit flat. -g-

To: GROUND ZERO™ who wrote (87587)	5/28/2009 8:50:59 PM
From: Real Man	Read Replies (3) \| Respond to of 94695

This thread is called "Waiting for the Big Kahuna", and it's in "puts, calls and other options". Funny, after trading options for years, first at significant loss, lately more profitably, I realized a simple thing - options players can't afford the waiting! That pretty much guarantees a loss on a trade, most likely 100% loss. All the large profit I ever got was from hit and run. Well, occasionally I got home runs. Last Fall on poots. But that was an exception. -g-