No? You are not going to make any money from a straddle if its a mere 6% move over 5 months. Now if we lose 6% in a week then thats a different story.
There was a seller on the other side of that trade...something to keep in mind. Not making a personal judgement about the merits of it, just reminding you guys that there are two sides to every trade.
:eek: :eek: :eek: " 06-11-03 04:59 PM" http://www.elitetrader.com/vb/showthread.php?s=&postid=269982&highlight=daddy#post269982 lesson over
When do you guys/gals "ring the register", "go to the bank", "make a payment on the yacht" ???? Clue in all of us noobs out there. Trailing stop loss ?? Number of days ? Profit potential ?? Turtle rules, violation of 20 day high/low ?? I can handle buying the dips, but then what do I do ?? I've read the reference to 2003 lots of times, but there's got to be more !!