Monday, August 24, 2009

Today's Trades

AZO
Sold a SEP 140/165 strangle for $1.80.

OIH
Sold a SEP 95/125 strangle for $1.03.

SPLS
Bought a SEP 22.5 straddle for $2.25. They report earnings tomorrow.

MDT
Sold a AUG 36/40 strangle for $1.25, earnings come out tomorrow and IV should drop.
UPDATE:
Amazing! Strangle lost fifty cents in value at open, even though the stock price barely changed. Gotta love the IV crush!

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