UBS Jan 04 Leaps update:
Currently the UBS Jan 04 $50 Puts are trading at 0.85 x 1.00 and the Calls at 7.70 x 8.00 for a combined total near 9.00. The gains on the Calls have made up for the erosion on the Puts but time decay has meant there is not a profit on the spread.
Jan 05 $40 Puts at 1.85 x 2.20 Jan 05 $60 Calls at 3.80 x 4.30 Total cost $4 in last post, now $6.50. The wider straddle has made some ground since the last post and would have offered a profit on the spread. Having good timing on when to enter the Straddle or Strangle seems to be the key. It seems to me that timing might be when the price is consolidating, maybe.
Currently the UBS Jan 04 $50 Puts are trading at 0.85 x 1.00 and the Calls at 7.70 x 8.00 for a combined total near 9.00. The gains on the Calls have made up for the erosion on the Puts but time decay has meant there is not a profit on the spread.
Jan 05 $40 Puts at 1.85 x 2.20 Jan 05 $60 Calls at 3.80 x 4.30 Total cost $4 in last post, now $6.50. The wider straddle has made some ground since the last post and would have offered a profit on the spread. Having good timing on when to enter the Straddle or Strangle seems to be the key. It seems to me that timing might be when the price is consolidating, maybe.
Good Luck to All! :^)
PLAN the TRADE and TRADE the PLAN!
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