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Post# of 364448
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VERITAS77

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VERITAS77

Re: MNYC post# 38392

Tuesday, 10/18/2011 8:34:10 AM

Tuesday, October 18, 2011 8:34:10 AM

Post# of 364448
The 3% rule is a good measuring stick for entries.
-------
Especially...if you can pull off a strangle both positions for around/under 3% of underlying security.

With WEEKLIES-CAKEWALK, usually.

**Ive had pms in the past saying that AFTER they applied this simple concept of not paying more then 3% for an option(s)...
That they were successful nearly 100% of the time**

It gets you in the habit of not purchasing overinflated premiums and gives you an eye for spotting-"good deals" call them.

Lots of weeklies go for 1% or less...and thats BIG FAT CHEDDA when you run across those.

-VERITAS77 *^]-

It is a puzzling thing. The truth knocks on the door and you say, "Go away, I'm looking for the truth," and so it goes away. Puzzling.

Stop by the ETERNITY board for a contrarian approach to all mattersof life

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