Selling strangles and straddles

Discussion in 'Options' started by vlad79, Dec 5, 2002.

  1. Nice, for a straddle one of the legs would most likely be in the money at expiration. How would you shut it down from there?
     
    #11     Dec 6, 2002
  2. vlad79

    vlad79

    I don't let my options went ITM. I take a stop loss equal given premiums for sold options +10% of this amount
     
    #12     Dec 9, 2002
  3. Sashe

    Sashe

    and you're short some 900 ES calls?
    These games only good till the first big "oops"
     
    #13     Dec 9, 2002