Discussion in 'Options' started by vmora, Apr 8, 2011.
I use verticals most but I am looking to add calendars and/or flies/condors
I sometimes trade straddles on expiration day after implied volatility cools down dropping for a bit after the open and when the underlying crosses a strike price. Works well on some stocks, doesn't work well on others. If it doesn't start moving quickly after I'm in I'll close the trade for a small loss.
I also trade credit spreads but am always worried about the risk/reward so I only really trade those when volatility's relatively high and I can go far out for premium.
it seems like those aren't frequent trades. are there any that you put on more frequently?
Synthetic Stock (combo)
I use options for directional bets on stocks. I dont trade options just cause it's cool, I trade for the leverage and risk benefit. Ofcourse their's a disadvantage, eventhings has a price, time decay.
cheap leap flies (sometimes unbalanced)
I really like option strategies that make money
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