Tuesday, August 4, 2009

Today's Trades

WFMI
Sold Sep 20/28 strangle this morning for $1.28 credit, IV was a little high yesterday since earnings are reported AMC today.
UPDATE:
Closed at 24.83. Gapped up almost 4 points after earnings were reported to just over 28, so it looks like a rapid exit on the put tomorrow morning. I may stay in the call for a day or two to see if it refills.

AIZ
Sold to close the JAN10 30 call that I've been sitting on since I was still at TK. Tired of looking at another dead option.

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