InvestorsHub Logo

maybe_this_time

10/22/14 2:40 PM

#122378 RE: n4te0ne #122377

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...

n4te0ne

10/23/14 5:14 PM

#122384 RE: n4te0ne #122377

nov vertical 77.5/79 for .44 looks better



high of .61 low of .28 closed at .44