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To: Stoctrash who wrote (31250)3/20/1998 9:12:00 PM
From: ViperChick Secret Agent 006.9  Respond to of 50808
 
You are wrong because you trade stocks and not options and dont know the lingo or the purpose behind the different strategies..

here is a paste from the site about why you would do a strangle

FOR VOLATILITY not floundering
e-analytics.com

The investor would use this options strategy if he felt that the underlying security is volatile and is going to make a large move.
However, the investor doesn't know the direction of the move.


and many times if I think of doing something that is not just buying a call or a put I have to go to that site and look it up to make sure I have the right lingo, the right concept, the right reason