Sunday, 11th Jan 2009.
21.59PM WIB
Dear OPTION Traders
Last Friday, SPY (S&P500) Index form Hammer (Long tail)
and we hope Monday it will reverse course.
Wait 30 minutes after market open, if SPY turn Green
Buy BTO CALL SPY Feb ITM, Target it reach 94.45 within 3 days
and also Buy BTO SPY PUT Feb 3 Strike Out
eg. if you buy CALL 89 ITM , then buy PUT 86 OTM
Buying 2 Options with diffrent strike also known as Strangle
We are forming Hedging Position
I have calculate using Friday data
This trade give us 3:1 of Winning ratio
We need to Hedge our self since VXO is > 2o% which
means the marget is still volatite.
Good Luck
Peter Sufandri
Sunday, January 11, 2009
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