Seeking Alpha
  • Ocean Man
    Sold TIF strangles for a 16% gain in 2 days. $2.91 ---> $3.38. IV capture works again. http://seekingalpha.com/s/6vlr1
    8/22/12
    Reply (8)
    • Ocean Man: Sold these a couple days early to lock in the 16%. Puts up 37%, calls down 12% (and puts were more expensive to begin with).
      8/22/12
    • Two Arrows Trading: Impressive. Nice strategy. How do you choose the strike prices?
      8/22/12
    • Youngone91: tifanny under 60 bounce applies
      8/22/12
    • Ocean Man: I've been using strikes about 5% on either side of the current stock price, on stocks that average a move of more than 5% on earnings.
      8/22/12
    • Clayton Rulli: VIX is still really low historically. You gonna do more?! http://yhoo.it/NhXRNd#symbol=^vix;range=5y;compare=;indicator=dividend+volume;charttype=area;crosshair=on;ohlcvalues=0;logscale=off;source=undefined;
      8/22/12
    • Ocean Man: Tough to apply on stocks priced under $15, works best on stocks priced over $100.
      8/22/12
    • Youngone91: over 60 again haha
      8/27/12
    • Ocean Man: ^Yep, even after missing on top and bottom and lowering guidance LOL!
      8/27/12