Wednesday, September 16, 2009

ORCL earnings

-2 Jan 17.5p
-2 Jan 26c
credit of .75/contract
looking for 10% drop in IV for tomorrow.

2 comments:

  1. Where did you arrive at 10%? An average of the crush following previous reports? I need to sit back and re-evaluate, I just got slaughtered on three in a row.

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  2. Yep,
    I actually thought that I might get closer to 15% over the next week or so, it looked like I might get 10% on the first day.

    I got out today for 0.65 limit. So, I only made $10/contract. That was 15% of my max profit (without commission)--which I can't complain about. I was burned on ISRG on it's last earnings, so I'm getting warmed up again on short strangles.

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