Thanks for your suggestion. Jamit may be able to use it. I neither have any software available with me nor do I have a mentor who could help. ( even option oracle is not working these days ).
It is just that I have taken fancy for short strangle especially after going through your thread in which you have discussed hedging at great length.
If one keeps position small to begin with, it is comparatively easier to manage trade.
Earlier I used to think that the only way to minimise risk is to get out of the trade at the first opportunity if trades starts going sour. Or else hang in there hoping that the tide will turn in your favour only to find that things have gone out of control. Thanks a million Dan for showing a way to manage such trades.
I know I am indulging in a game which is risky for a person of my age as well a person who is just learning to trade options but that is what I find interesting.
It is just that I have taken fancy for short strangle especially after going through your thread in which you have discussed hedging at great length.
If one keeps position small to begin with, it is comparatively easier to manage trade.
Earlier I used to think that the only way to minimise risk is to get out of the trade at the first opportunity if trades starts going sour. Or else hang in there hoping that the tide will turn in your favour only to find that things have gone out of control. Thanks a million Dan for showing a way to manage such trades.
I know I am indulging in a game which is risky for a person of my age as well a person who is just learning to trade options but that is what I find interesting.
Take care / DanPickUp