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Strategies & Market Trends : Advanced Option Strategies -- Ignore unavailable to you. Want to Upgrade?

To: Joe Waynick who wrote (100)	8/2/1998 3:03:00 PM
From: Vol	Read Replies (2) \| Respond to of 355

Naw this is just paper at this point. That should help me to remain rational in my trading. I bought the straddle at the current price. It would cost pretty much the same at 20, except the call would be more expensive. And if I think ONSL is going lower, I sure wouldn't want to buy a more expensive call just to watch it drop. Now, if I want to sell a straddle and I thought ONSL was going to 20, then I would sell the straddle at that strike. Make any sense? Vol