The Daily Options Strategy Part 5: Final Notes, Charts And Alternate Stocks To Use
By Kevin M. O'Brien:This is Part 5 in a series of article on my daily options trading strategy. If you have not read any of the previous four articles here on Seeking Alpha, you can click on the following links: Part 1: Part 2: Part 3: Part 4: I like to start every article with the basics on how to use this strategy with the five technical indicators. Here is a quick summary and recap:
- Bollinger Bands - I use the 12,2,2 as my parameters, i.e. (12) as the Simple Moving Average (SMA) and Standard Deviation, (2) as the standard deviation of the top band, and (2) as the standard deviation of the bottom band. As a personal preference, I will not begin to even consider making a trade until I see the current price action move below the bottom band (calls) or above the top band (puts), but this is only one
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