UnThreaded | Threaded | Whole Thread (3) | Ignore Thread Prev | Next
Author: KBGlenn Big red star, 1000 posts Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 11007  
Subject: Re: QQQ Date: 7/25/2004 9:23 AM
Post New | Post Reply | Reply Later | Create Poll . Report this Post | Recommend it!
Recommendations: 0
Theoretically, you should be able to sell calendar calls or puts in such a market. However, with $1 strike prices and constant whipsaws between QQQ prices in the high 37s and low 34s it has been tough to make much money off such a strategy. If you think there is going to be a good break one way or the other and you believe you have some resistance points in mind a straddle at say 34 and 37 on the QQQ would probably work well. I'b be patient in putting it on though, which is hard to do mentally. Essentially you would want to buy your calls when the QQQ was at 34 and buy your puts at 37...exactly opposite of what you want to do emotionally.

Cheers Kev
Post New | Post Reply | Reply Later | Create Poll . Report this Post | Recommend it!
Print the post  
UnThreaded | Threaded | Whole Thread (3) | Ignore Thread Prev | Next


Pencils of Promise - Back to School Drive
"Pencils of Promise works with communities across the globe to build schools and create programs that provide education opportunities for children."
Managing Your Wealth
Our own TMFHockeypop from Rule Your Retirement fame on the TV show Managing Your Wealth.
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Post of the Day:
Value Hounds

Clorox Isn't Cleaning Up
What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
Community Home
Speak Your Mind, Start Your Blog, Rate Your Stocks

Community Team Fools - who are those TMF's?
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and "#1 Media Company to Work For" (BusinessInsider 2011)! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.