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Wayne Gorman
www.elliottwave.com
Long Straddle
Strip
Strap
Long Strangle
Long Guts
Wave: Characteristics:
Wave: Characteristics:
Prior to Entry Point at Next Lower Degree Ending Diagonal, Truncated Fifth,
Fifth Wave Extension
Wave: Characteristics:
Wave: Characteristics:
OPTION STRATEGIES
Long Straddle
Strip/Strap Long Strangle
Long Guts
Termination
Patterns
* P
A
S Elliott Wave
E
V
Rules and
Guidelines
Satisfied
P P P P
I
D
Fibonacci
E
N
C
Price Target
or Cluster P P P P
E
D Fibonacci
B
Y
Time Target
or Cluster P P
Favorable
Implied
Volatility at
Entry Point
P P P
* Fifth Wave Extension, Ending Diagonal, Truncated Fifth Wave
2009 Elliott Wave International 99
Elliott Wave International
770-536-0309 or 800-336-1618
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