Wednesday, July 22, 2009

WHR Strangle

Looks like this one is working out so far, I'm in the Aug 35/70 short strangle,(2.97 credit) they reported this morning and the stock is still at $53, smack in the middle of my range. The options were juiced pre-earnings so they should drop a good amount over the next week or so. Even though they beat by a whopping 53 cents, revenue was "in-line" so it looks like no gapping.
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1 comment:

  1. JustinJuly 22, 2009 at 3:06 PM

    Bought back the 70 call just now for $.95, for a profit of $.97. We'll see what the put does over the next couple days.

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