One of the Strategies for CALLS & PUTS is to BUY both LONG, especially for MovieStocks that have a Projected OW of 25.00 or higher. This GUARANTEES a Profit if the OW Delist is +/- 4.00 greater or lesser than the Strike Price. For example, if the Strike Price was 20.00 and the Actual OW Monday was 25.50, there would be an Overall Net Profit of +1.50 less Commission (Gain of +3.50 on the CALL, Loss of 2.00 on the PUT). Similarly, if the Actual OW Monday was 14.75, there would be an Overall Net Profit of +1.25 less Commission (Gain of +3.25 on the PUT, Loss of 2.00 on the CALL).
Another Strategy for Small Ports or Small YTD Ports is to BUY both CALLS & PUTS LONG on Wednesday and then SELL them on Thursday as both generally increase in Value Thursday (not always but probably more than 90% of the time).
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