Option question for the experienced

Discussion in 'Options' started by bearnbull, Mar 4, 2011.

  1. So...I've been trading options now for a few months, I'm doing not bad considering.......My question is what is good option strategy that needs the least amount of maintenance. I have a full time job and can only do trading using my blackberry. Thanks
  2. You're asking the wrong question, but I suppose it would be the position with the lowest initial gamma. Any cheap otm long gamma position would probably qualify. Cheap (IV) calendars, narrow strike flies and condors.

    Stick to calendars if you want to own some volatility and remain short a little gamma.
  3. tomk96


    what have you been doing and why are you changing it if works?

    least maintainence would be long premium.
  4. cdowis


    Calendars in low volatility markets, otherwise the butterfly. Put it on and you can pretty much forget it, unless the market goes crazy. Even crazy down is not too bad for the calendar.