Trading option to exit and reenter on pullback

[adam ali]

Got it. While I sort of figured the answer was the same, i.e., I'm chasing after something that really doesn't exist or has too great an opportunity cost, I thought I'd pose the question anyway. Thanks for your patience in exploring this idea with me.

[Sandy]

My concern is if we get rangebound market for long time. Yr 2004 and 2005 was rangebound years. One needs a lot of patience to sit and wait until exit signal.