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Old 01-07-2002, 11:13 AM
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Default Re: readers who \"KNOW\" the right answer



I find this thread amusing.I and many of my friends have long term(over 15 years) winning records trading options.Most of us do not use any fixed system. Sometimes we sell naked options!

You seem to be looking for that magic "black

box" system.Forget about it!FridayI made a recommendation in the bond options.No analysis

was needed.I said I had bot feb 98 puts in the bonds and sold feb 97 puts in the bonds.For each 98 put I sold 2 97s.I did this at 12 credit and said they were still a sale at 5 credit.This is a delta long trade and the bond market was down on friday and yet this trade still made money.Think about it.A computer would have told you with the market settling 10 ticks lower on friday this trade should have lost money..but it picked up a few ticks.As a matter of fact the 98 put was down 1 tick and the 97 puts were down 2 ticks!the trade settled at 2 credit from the previous days 5 credit.
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