Investing

DJIA 11,000 is here… Again (DIA, SPY)

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…

By Jon C. Ogg
Published October 8, 2010, 11:34am ET · 1 min read

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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

Contact [email protected] for any questions or corrections.

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Jon C. Ogg

Jon Ogg has been a financial news analyst since 1997. Mr. Ogg set up one of the first audio squawk box services for traders called TTN, which he sold in 2003. He has previously worked as a licensed broker to some of the top U.S. and E.U. financial institutions, managed capital, and has raised private capital at the seed and venture stage. He has lived in Copenhagen, Denmark, as well as New York and Chicago, and he now lives in Houston, Texas. Jon received a Bachelor of Business Administration in finance at University of Houston in 1992. www.247wallst.com.

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