SURVIVING THE GAME
OCTOBER 24, 2008
VOLUME 1 NUMBER 12



Executing second DIA options trade. Sell DIA November 88 call and put for $12.40 or better. This gives us 1 set at 92 and 1 set at 88 for average of 90 as mid-point. Premium collected is average of $11.85. Breakeven now at 78.15 and 101.85 on the DIA, equal to approx 7800 and 10200 on DOW 30. The volatility is so extreme that it makes takes on a second position worthwhile.

Dave Knight
Editor
Surviving The Game