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Former Options Trader !!!
Join Date: Feb 2003
Location: Bucks County PA
Posts: 6,757
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Quote:
Originally Posted by robertmark
I didn’t write those are my only underlying’s. And I’m not claiming to get returns like that every month. The only reason your amazon straddle looks good at this moment is because it moved by less than 1% on earnings. And anyone following the markets knows that’s not normal. Doing a handful of huge and dangerous trades like you suggest, is financial suicide. And that is a certainty!!!!
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I wasn't suggesting anyone ever sell premium in AMZN and I didn't short the straddle in AMZN either. I was just laughing at the dollar value of the premium in the straddle for a 1 day option. When the stock is trading at 1700 bucks the shear dollar value of the premiums is comical.
I am not knocking your strategy either, there is room in the market for every strategy.
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