Hi Lincoln,
Not seen you from many days!
Lion is in the Den
.. Not sleeping for sure.
I don't know, I can't stop myself from reading your strategy even in real time I am not practising it as I can't stay in front of computer all day along
Using your strategy.. If I can reduce my profit limit But keep it simple
Is this possible ?
Suppose I do the first job right i.e picking the right proce for straddle.
Hypothetical example:
For Sep 5500 straddle
115+106=221 premium received
Margin Blocked: 42K (Higher side, I know yours is lower)
Brokerage paid: 250 (Higher side)
Now spot price is 5460
Ideal situation, I want to be in , Short below 5500 and Long above 5500 .
Nothing else, I don't want to buy/sell in between future, Only interest is IN eating premium
(May defeat purpose of your strategy But as I don't want to sit all day But I have someone who can watch TV and tell me if position get close to 5500 again tell me to reverse OR I can place the reverse order also as stop trigger)
1) Is it possible
2) Is it as simple as it sounds
3) Since spot price is 5460 already below 5500 then I should short immediate as soon as I take the premium.
4) When can this strategy turn into a loss or no profit at all.
Thanks Lincoln and other experts
Please advise
Kaps:thumb: