re: option straddles now down 14%
Andrew, your comments on the 15% change in a day are spot on, and it was for this reason that I mentioned the stop loss/ take profit idea's.
Also the probability calculators, indicate a higher probability of a price being reached between now and expiry, than the probability of being at that price target on a given day....(i.e. expiry day).
To sum it all up, what I'm getting at is, use a stop loss and take profits when they arise. With the ETO's if a position really just does not look like being in profit before expiry, why continue to hold it! at least you get some of your money back rather than piddling it up against the wall.
