to [e-mail]: shorting QQQQ strangle

as a general rule, you should short strangle/straddle a week before OE. That is when theta loss is fastest.

I could not confidently tell where QQQQ will be by June OE. Current QQQQ behavior is similar to 2004/8/2 and 2005/3/29 by my reading. So worst case is that bottom is 1 month out for me. The drop during this period could be big.

所有跟帖： 

• Thanks!你的看法很有见地！ [e-mail]- ♂ (331 bytes) () 05/30/2006 postreply 16:22:23

• So short $38 put and $40 call might be the best? [e-mail]- ♂ (131 bytes) () 05/30/2006 postreply 16:30:30

• 这活太细了。非要赌，我想QQQQ这一个月内存在涨或跌5%的机会。 -putwriter- ♂ (0 bytes) () 05/30/2006 postreply 16:34:13

• 按那几个时间段的历史来看，5%即70点左右不算夸张 [e-mail]- ♂ (318 bytes) () 05/30/2006 postreply 16:43:53

• another way of thinking: delta neutral -putwriter- ♂ (767 bytes) () 05/30/2006 postreply 16:50:22

• The first section seems to be write covered option? [e-mail]- ♂ (0 bytes) () 05/30/2006 postreply 16:56:19

• yes, but not 1:1 ratio. the ratio is delta of the option you sol -putwriter- ♂ (0 bytes) () 05/30/2006 postreply 16:58:32

• option pricing and volatility 这本书里讲得比较细。 -putwriter- ♂ (0 bytes) () 05/30/2006 postreply 17:03:46

• Is that this book? Thanks! [e-mail]- ♂ (115 bytes) () 05/30/2006 postreply 17:06:14

• 对！option trader人手一本。 -putwriter- ♂ (0 bytes) () 05/30/2006 postreply 17:07:17

• 谢谢！Just ordered. 有没有其他推荐书？ [e-mail]- ♂ (0 bytes) () 05/30/2006 postreply 17:08:08

• 够用了。他没讲的就是如何判断股票走向了。 -putwriter- ♂ (0 bytes) () 05/30/2006 postreply 17:09:40

• How about this one? [e-mail]- ♂ (260 bytes) () 05/30/2006 postreply 17:11:30

• 也是好书，但是入门读物，你不需要了。 -putwriter- ♂ (93 bytes) () 05/30/2006 postreply 17:15:33

• 大概怎么个用法？ [e-mail]- ♂ (141 bytes) () 05/30/2006 postreply 17:21:08

• 讲的是怎么用excel做模拟, 没有算法.你有程序就不用了. -putwriter- ♂ (0 bytes) () 05/30/2006 postreply 17:23:45

• 谢谢指教！putwriter兄晚安！ [e-mail]- ♂ (0 bytes) () 05/30/2006 postreply 17:32:10

• good nite. -putwriter- ♂ (0 bytes) () 05/30/2006 postreply 17:33:06