tailieunhanh - Profit Making Techniques for Commodity Options 2nd Edition_9

Đây là một chiến thuật mạo hiểm vì bạn đang gọi điện thoại cho thị trường thay đổi xu hướng. Tuy nhiên, lợi nhuận tiềm năng của bạn sẽ cao hơn so với giữ lây lan ban đầu bởi vì bạn sẽ thanh lý các cuộc gọi trong khi nó đã có rất nhiều phí. Một chiến lược khác là để cuộn lên những vị trí. | 264 OPTION STRATEGIES A more aggressive position would be to liquidate the call. This will give you a long put in a declining market. Your risk will be higher because you will not have the hedge of the long call to protect you against a sharp rally. This is a risky tactic because you are calling for the market to change trend. Nonetheless your potential profits will be higher than holding the original spread because you will have liquidated the call while it had a lot of premium. Another strategy is to roll up the position. You will liquidate the original straddle and initiate a new straddle using at-the-money strikes. Only use this strategy if the new position makes sense given the selection criteria outlined earlier in this chapter. Pay particular attention to time decay because time has passed since you put on the original position. You might want to roll out to a farther expiration if time decay is a problem but the original premise for the trade still holds. Short Straddle If the UI price rises and you are bullish you could 1. Liquidate the position or 2. Liquidate the call. You might be able to liquidate the position for a profit if prices are still within the break-even points. It makes sense to liquidate now rather than risk a move to below the down-side break-even point. However it is likely that you are losing money at this point and liquidation of the position is the best defensive strategy to limit further losses. The most aggressive approach is to liquidate the call. This will leave you with a short put. The put will likely be out-of-the-money so the risk of losing money on the put should be minimal. By the same token your profit potential is limited to the remaining time premium which is likely to be very little. This can be an excellent tactic to try to recover some money lost on a short straddle. If the UI price rises and you expect prices to remain stable you could 1. Hold the position 2. Liquidate the position or 3. Rollup. You should definitely .