Seeking Alpha
  • Ocean Man
    Sold GES strangles for a 9% gain in 3 days. $2.75 ---> $2.99. IV capture works again. http://seekingalpha.com/s/6tsg7
    8/22/12
    Reply (5)
    • Clayton Rulli: cant go wrong with that!
      8/22/12
    • Clayton Rulli: almost couldnt lose on these trades.... Vol super low.
      8/22/12
    • Ocean Man: It's tough to time the ideal entry and exit points, but if you can get close and not be greedy, you can avg 8% gains w/ the occasional 20%+.
      8/22/12
    • Ocean Man: And these are 1-week holds, so 8% annualizes to 400%.
      8/22/12
    • Ocean Man: GES made me look smart for an hour, then it spiked 3%. Coulda had 15% instead of 9%. The timing on these is tough.
      8/22/12
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