re: option straddles now down 14%
Within a few hours, the calls on ncp and rio have moved into loss. Total possy, now down by 14%. Both ncp and rio seem to have dropped about 50c this session. No drama, if you look at the strikes I bought, this is to be expected. If the stock keeps going down, the puts will come into profit, instead of the calls.
We might be learning something new. If a mixed bag of straddles has the ability to be up or down 15% odd within a day, that could mean all we have to do is hold and auto calculate values, then liquidate all at once. I was expecting it to take 2-3 weeks to make 15%.
