Wednesday, October 28, 2009

Today's Trades

FSLR
Sold a DEC 105/195 strangle for $3.50 credit. Stock gapped down about 20 points AH after lower than expected revenue but it's still well above the 105 strike.

Tuesday, October 27, 2009

Today's Trades

Satisfying the bear within;

FAZ
Long Jan 20C, $3.30 debit

SRS
APR 20/26 bull call spread, .55 debit.

Tuesday, October 20, 2009

Today's Trades

AZO
It dropped a bit this morning so I bought to close the 160 call for 15 cents, a 77 cent gain on that side.

Monday, October 19, 2009

Today's Trades

CAT
Sold Jan 40/65 strangle for $1.70, they report tomorrow morning.

AMZN
Sold Dec 75/115 strangle for $2.15, report Thursday amc.

Looking for a good IV crush on these.

POT
Bought to close the Dec 70/115 strangle for $2.65, for a 35 cent gain. Gapped up this morning and started to run on some good news, plus I needed to free up some bp for the AMZN trade.

Friday, October 9, 2009

Today's Trades(10/7)

10/7
FAZ
Bought a JAN 31/41 bull call spread for 90 cents, I'm expecting reality to catch up to the financial sector by then.

Got out of the VIX spread at breakeven, I got in at the top of the pivot. I'll buy back in once it reverses again at the bottom.

Bought back the MON strangle for a 6% gain, it started running just after open so I chickened out.

Tuesday, October 6, 2009

Today's Trades

GLD
DEC vertical bear call spread, sold 103, bought 108, credit of $1.35. Had a nice pop this morning so it juiced the calls, but I don't expect it to stay this high short-term.

MON
Sold JAN 65/85 strangle for $4.05 credit. They report this week, so the IV crush should net me a few points.

MAR
Sold JAN 20/32.5 strangle for $1.22 credit. They report this week as well.

VIX is dropping so I legged out of the bull call, sold the long side back at a 38 cent loss. I'll sell the short side later today after the VIX drops some more or tomorrow depending on what the futures are telling me.

Friday, October 2, 2009

Today's Trades

Ok, so I know I said I'd wait the rest of this week out, but I couldn't.

AZO
Sold a NOV 130/160 strangle for $2.10 credit.

Thursday, October 1, 2009

Today's Trades

VIX
Bought a DEC 27.5/32.5 vertical call spread for $1.60. I expect volatility to rise as we head into the next earnings period.