Registered: Feb 2011
Posts: 236

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Quote from Riffraffpatrol:

The logic makes sense until u look at what typically takes place. I want to be in prior to a big move...if a move has already taken place and then u get in, u may not get much of a retracement...and unless markets are screaming a slow drift upward for the rest of day is not uncommon. Since u r always entering atm- this will kill your premiiums on both sides. Im typically looking to a directional deep ITM option w/ .9 delta or higher for the reversal with a tight technicsl stop instead at that point. Not worried about theta or vol decay at that point.

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Registered: Jun 2010
Posts: 1465

Riff Raff has it almost right.

Since I´m developing this in my own mind. I´m playing with variables. I don´t know the technical lingo to call it, or explain it. Perhaps Babu with his expertise in GREEKS can put it into Greeks.

Really I´m sort of using a trending approach to trading the straddle. With order flow, volume and volatility thrown in. It has nothing to do with the spread. The straddle is just the framework to work with and a starting point. I figure three moves should see my straddle finished and out.

Just got back from my swim at the beach. Nice day indeed.

Registered: Jun 2010
Posts: 1465

Jeff

I guess I mean account balance in correct English. I don´t care what size of percentage you trade. I´m talking ROI as gain on TOTAL account. Not per trade. In annual terms.

Registered: Sep 2003
Posts: 1147

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Quote from falconview:

Having failed at credit spread trading, Gap trading and straight buying of options. I´m now trying LONG STRADDLES in options. Got one week in it now, but probably run through the month. Any body got any advice on making money with lONG STRADDLES?

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Registered: Jun 2010
Posts: 1465

Interesting opinion Light

Tell me, can I leg into and leg out of a calendar?

Registered: Jun 2010
Posts: 1465

Lights

When you refer to Verticals, you mean a Condor right? Two opposing debit spreads, ITM puts and calls?

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