Tuesday, September 29, 2009

Today's Trades

DRI
Sold JAN 31/41 strangle for $2.45 credit.

AZO
Bought put to close the spread at a 8% gain.

RIMM
Friday morning after earnings it gapped way down so I immediately bought the call back at a 1100% gain. Was hoping for a refill so I could at least break even but hasn't quite happened yet. If it drops below 66 I'm out, but I'll sit on it and let theta work until then.

Thursday, September 24, 2009

Today's Trades

AZO
Bought call to close at 55 cents, a 52% gain.

RIMM
Sold a NOV 65/105 strangle for $2.19 credit. They report Friday morning.

Wednesday, September 23, 2009

Today's Trades

AZO
Sold NOV 135/165 strangle this morning for $3.10 credit, they reported last night and I was trying to catch a little IV crush, in addition to hanging out with my good friend Theta positive.

GMCR
Bought a NOV/JAN 80 call calendar for $1.60. IV typically spikes a good amount on this one pre-earnings, they report 11/11.

Tuesday, September 22, 2009

Today's Trades

BBBY
Sold NOV 36/43 strangle for $2.10 credit. They report tomorrow so IV should drop pretty quickly.

Monday, September 21, 2009

Today's Trades

POT
Sold DEC 70/115 short strangle for $3 credit.

Thursday, September 10, 2009

Today's Trades

DECK
OCT 55/60, 75/80 Iron Condor for $1.25 credit.

Saturday, September 5, 2009

Today's Trades

GOLD
Sold a DEC 50/80 strangle for $4.70 credit. Talk about juicy! It's been trading in a range between 55 and the low seventies since early May.
UPDATE:Got out a nickel ahead, too volatile for me.
OIH
Sold a OCT 90/120 strangle for $2.22 credit. Here again, the trading range has been well within these strikes for several months now.