how's everyone's option trades lately?

Discussion in 'Options' started by newguy05, Dec 11, 2008.

  1. How's everyone's option trades lately in this crazy market? havent posted in this section for a while.

    For me since i cant monitor my trades intraday and with the market moving 3-5% a day, the only thing i have been doing is simply buying straddles at certain key levels(ie: when es hit 900) and close them out a few days later as stoploss if not profitable. This is the only strategy i am comfortable with in this market and given my situation, as my loss are from theta (very limited) and vega, a heck lot less risk than betting directional and have the es move 50pts against you in a day while at work.

    So what's everyone else been playing in term of options nowdays?