MON (short strangle)
-1 Nov 85c
-1 Nov 65p
1.50 credit
Looking for 30% drop in IV
COST (inv calendar w/ratio)
+1 Oct 55p
-1 Apr 55p
+4 Oct 60c
net credit of 1.65
Looking for a large move up...speculating that COST might be able to break the 59 mark.
Subscribe to:
Post Comments (Atom)
This comment has been removed by the author.
ReplyDeleteMON
ReplyDeleteJAN 65/85 short strangle, $4.05 credit. We'll see what happens Wednesday.
Love to see COST pop!
I'm so sad that I wasn't filled on the COST yesterday! I got in this morning...a lot less attractive pricing. I did realize the pop in FDO though with 6 long calls from .25 to .55. Now my inv calendar risk free--my min gain is $80.
ReplyDeleteMade an adj on MON--nervous about 80 strike, so took .15 profit on the .80 possible (~19%). Then, I purchased 5 Oct 85c. So, I turned it into a risk reversal using the .15 profit plus the initial credit, which was .60 on the put side. We'll see what happens tomorrow morning.
Justin, I love the 4.05 credit! That's WAY better than the Nov's offered. You'll have to tell me how much you make on it.
I want to punch myself in the face! Got out of MON when I saw it diving at 9:45, then watched it come back around as soon as I hit the sell key. Made a measly 6% on it.
ReplyDeleteLooks like you were right on with COST! How did it go?
ReplyDeleteMade 100 on the 4 COST calls (from .60 to .85). The inv cal turned out pretty good too...made .27 on that. So, total profit on the COST trade is 1.27
ReplyDeleteMON trade is kind of tough...I thought we'd see a move but it's kind of boring. I'm up .12 on my short put...tempted to take off and let the 5 long calls run until expiration. It's only .45 risk after what I made on the short strangle. We'll see. Sorry you didn't make as much as you'd hoped on MON--was it 6% of the 4.50 credit you received or on the margin held on the trade?
Sold for $4.05, bought back for $3.80.
ReplyDelete