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Re: n4te0ne post# 122377

Wednesday, 10/22/2014 2:40:50 PM

Wednesday, October 22, 2014 2:40:50 PM

Post# of 126111
Yeah, I don't like doing a strangle unless I feel there's a good possibility to double your money. Straddles with any time period are pricy...

Now I'm going out a little more and leaning in the bet. So it's more like a bet with insurance.

Here, went for 5 76 Nov 7 calls and 4 75 Nov 7 Puts.

If it goes to 79, I'll be up 90%.

If it pulls back to 74, I'll be even.

Inbetween, a decent gain to a managable loss I hope. I plan to close this out by the end of next week so there will be some premium left... Don't want to ride it into expiration week.

Anyway, this is what I've been lately with options. Of course the volatility helped make my AA bets successful...
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