Yesterday we gave a straddle and strangle options trading volatility strategy for options traders to play around the unemployment report and around the notion of DJIA 11,000. The market just missed 11,000 yesterday morning. Keep in mind that the 52-week high from earlier this year was DJIA 11,309.00, and this is still like celebrating a “C” on a report card. The first time we saw DJIA 11,000 was more than 10 years ago.
Our trade strategy for traders and investors was put up in the stock options around the SPDR Dow Jones Industrial Average (NYSE: DIA) and in the SPDR S&P 500 (NYSE: SPY).
In 2007, the DJIA was briefly at 14,000. Here was that volatility strategy for a straddle and for a strangle trade in options rather than in the stock market.
JON C. OGG
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