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RE: My Lions, It's Time To Pounce On Tech. New Stock Picks Posted To TradersChoice. By Gregory Mannarino
If I had open my position as a straddle, I would have sold my put position around 11 am and pilled on call position forward on. I feel like it's easier said than done ;) or you need a lot of practice! Happy trading!
P.S : I called Questrade they added the ability to buy puts and updated my data package so I can see real time what's happening in the markets. Will be activated for tomorrow morning.
I logged in the options prices on both teh MCD calls and puts just after Greggy boi closed the trade. The calls generated at .35 gain (results posted at my blog) and the puts generated a .75 loss per contract. The "net" result of the MCD straddle was a loss. I'm sure the same result will happen with his new trades. I didn't log in teh put prices though, only the calls.