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Strategies & Market Trends : Systems, Strategies and Resources for Trading Futures -- Ignore unavailable to you. Want to Upgrade?

To: jjs_ynot who wrote (10206)	12/14/1998 11:35:00 AM
From: Tom Trader	Read Replies (2) \| Respond to of 44573

My understanding is that the debate will start on Thursday--heard it this am on one of the net-works. It will be limited and no amendments will be permitted to the articles of impeachment -- and that the vote will occur either Thursday evening or Friday morning. So well before the close of trading Friday, the outcome should be known--and the market should be accordingly impacted. I suspect that by Wednesday, we'd know for sure whether this time table will hold. Needless to say, the long straddle strategy that I posted is high risk and very much of a gamble. I'll probably give it a whirl, if premiums are not too excessive -- and the outcome of the vote is viewed as too close to call-- since if there is uncertainty as to the outcome, the market cannot discount the event and so whatever occurs will have a substantial impact on the market. Let's face it, if the vote to impeach passes, there will be a lot of uncertainty for weeks if not months and it will impact the markets. If the vote to impeach fails this matter will be put to bed -- and it will remove this uncertainty. If anyone feels that I am nuts to think of a long straddle, let me know -- it may be a funny money trade but ........... Basically, the strategy is predicated on a major move -- say 200+ Dow points, at least, in either direction depending on the outcome.