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SamsaricSufferer

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SamsaricSufferer

Re: xtremezz post# 48167

Wednesday, 01/16/2013 8:41:03 PM

Wednesday, January 16, 2013 8:41:03 PM

Post# of 83010
X, I am researching weeklies now. I will paper trade them as you suggested for a while. I do have a few questions. How do you set your strike price? I don't mean the direction. I know you have already determined where you think it is going by the chart. What I mean is how far OTM do you buy? I know you have to play close to the money strikes because of OPEX but how close? Do you use percentage of price or historical volatility or chart patterns (Bollies, ect) or some combination?

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