tag:blogger.com,1999:blog-5759387127264930417.post3123700021966740373..comments2010-08-23T11:49:49.799+05:30Barryhttp://www.blogger.com/profile/01640976118366830012noreply@blogger.comBlogger1125tag:blogger.com,1999:blog-5759387127264930417.post-89769289462358434132010-08-23T11:49:49.799+05:302010-08-23T11:49:49.799+05:30Hello,<br />Here is a great strategy, good for beginners as well as for advanced option traders(all explained with picture attached).<br />Our scanners pulled out a high probability stock for a potential sharp move(relatively sharp move to the alleged stock).<br />Establish equal delta of ATM Calls and Puts, long straddle 60 to 75 days to expiration.<br /><br />Advanced option traders: keep scalping Gamma because U R buying Vega, and as U see IV is in its lowest rates so Theta wont bite hard.<br /><br />New option traders: hold the strategy until a reasonable profit or if the strategy is approaching 40 days to expiration. <br />My statistics pointing to a high probability low cost play.<br /><a href="http://www.analyzetrade.com/articles/recommendations/long-straddle-on-gld" rel="nofollow">Full revue, pictures included</a>Nissim Levihttp://www.blogger.com/profile/06608308260212747924noreply@blogger.com