Ocean Man Bought INTU Sept strangle: $60 calls and $57.50 puts for $2.75. Volatility capture play.
8/15/12
Reply
(6)
•!Report Abuse
View all 6 replies
neobliviscar: Once again, you read my mind. I was considering, though a little wider. Careful with earnings, as INTU likes to really move on them.
8/15/12
•!Report Abuse
neobliviscar: Also seems a big for insider trading. Friend & former LP sold his Co. 2 INTU 4stock. Hence, followed INTU 4years- !Not! great at trading it.
8/15/12
•!Report Abuse
Clayton Rulli: Do that with FB. Gonna be action packed next couple weeks
8/15/12
•!Report Abuse
Dr. Kris: CWR83: The implied volatility on FB is 60 compared with 14 on SPX. Something to bear in mind...
8/15/12
•!Report Abuse
Ocean Man: FB IV is 0.84, never been above 1.01. INTU IV is 0.25, went to 0.8 day before last quarter's earnings. That's a triple less some time decay.
8/15/12
•!Report Abuse
neobliviscar: OM- I read your initial post incorrectly. Checking earnings calendar, your trade at inner strikes makes perfect sense to me. +1 thanks.
