Saturday, October 17, 2009

Best Trades of the week

What were/are your best trades this week? Not necessarily something you entered this week, maybe an existing trade that performed the best.

Mine: AZO Nov 130/160 short strangle, stocks seems magnetically attracted to 145, it's been chopping around there since it dropped from the low 150s back on 9/23. I've been trading short strangles on AZO since last May, and am up 90% YTD on it. One of my faves, overall. A quick look at Iv shows that I may need to go long volatility next time around, since IV is now at an annual low, and below HV.

POT: Just started trading this one with a OCT short strangle in August followed by a NOV SS in September. Up 59% ytd. It's been channeling since July.

Justin

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