I just noticed that typo. LOL. Yup, I guess it does exist then. Sharp eye Riskarb, sharp eye. Actually I do have some pills but they won't help much with the market.
Sh*t, never traded under the influence? Don't know if I've traded sober during this insomnia-fest known as forex.
wtf is legging ? I still cant figure its whole concept out. It sucks to be stupid and not having english as birth language. Would it be some sort of amendment position ?
that's one advantage of the Left Coast: pills grow like weeds. er, pills are weeds. no, wait, the weeds are pills. something like that... pass the doritos.
Just finished reading this long and excellent thread. Do you think this Perfect Strategy is suitable for QQQ?
i thought we drove a stake through the heart of this thread ages ago...... sell a near straddle and buy (more) far strangles-- it's the same damn idea without all the legs. wee
sorry, I am new here, don't quite understand, do you mean diagonal, for example, sell 1 front month stradle and buy 2 back month strangle, this is suitable for QQQ?
look at the posts on or around 11/12/03. the p.o.p. was a long near butterfly and a long back wrangle, i.e. 7 legs (insane). the essential concept of the idea, simplified, is to sell near-term vol, delta neutral, against a long dual backspread "wrangle," further out in time. you can obtain a similar profile much more simply by selling near straddles and buying more strangles further out in time, in some ratio that you would have to determine. i am not endorsing this position, just restating the gist of it. wee