I am searching the web for a good stand alone long/short options strategy or a dollar neutral long/short options strategy. I have 10K in equity and I am flexible when it comes to risk. My goal is to earn 3 to 5% return each month from intraday options trading, but I am not sure what derivatives I should be looking at.
My general belief in the world is there will be a correction after the election and right before the tax cuts expire (around Dec 2012). Second, I also anticipate QE3 and a country or two to go bankrupt. I also think gold ETFs would be an interesting asset to look at and I am long natural gas, short technology.
Does anyone have any suggestions on the different kinds of straddles I can use?
Also, I want to backtest this strategy using Matlab. I am getting familiar with the platform and I am comfortable enough to try new tools to calculate return etc.
Any direction or suggestion to make that possible would be great.
My general belief in the world is there will be a correction after the election and right before the tax cuts expire (around Dec 2012). Second, I also anticipate QE3 and a country or two to go bankrupt. I also think gold ETFs would be an interesting asset to look at and I am long natural gas, short technology.
Does anyone have any suggestions on the different kinds of straddles I can use?
Also, I want to backtest this strategy using Matlab. I am getting familiar with the platform and I am comfortable enough to try new tools to calculate return etc.
Any direction or suggestion to make that possible would be great.