I’m toying with the idea of doing a naked strangle instead of an iron condor on the $RUT for June. I’ve had the pleasure of chatting with other Optionaddicts this week concerning my Iron Condor rules. I usually trade 5 contracts on the iron condor, which means 20 commissions (counting all four legs of the trade) to get in and 20 commissions to get out which is $60 per iron condor. If I do a naked strangle I only need to sell 1 contract and have two legs for the same margin requirement. That translates to $6 in total commission charges instead of $60, and roughly the same amount of risk. Don’t us traders have dirty mouths?
I listed three more ebanned auctions today. Oh, so funny. I was having a conversation with a friend at the gym the other day. She knows I dance, so I told her I opened up an online lingerie store.
“Oh, I’d love to buy see some of your designs,” she said while we huffed on the stepmill.
“Ha! I don’t think you want to buy my lingerie,” I replied.
“No, really…I want to see all the naughty stuff!” she said, “You know I live vicariously through you!
“Let me rephrase the emphasis of that sentence. I don’t think you want to buy my lingerie.” I repeated.
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