Seeking Alpha
  • Ocean Man
    Bought Oct JBL strangles $23 calls and $22 puts for $1.78. IV capture play. Reports in 7 days.
    9/18/12
    Reply (12)
    • adawg304: IV = intrinsic value?
      9/18/12
    • Ocean Man: Implied volatility. Options go up in cost as you approach earnings (usually).
      9/18/12
    • adawg304: Oh, right. Thanks. Still learning.
      9/18/12
    • 458402: In with you OM at $1.80...I will send you a nice bottle of scotch (or whatever your flavor) with a double
      9/18/12
    • Ocean Man: A double is doubtful, but thanks. These target a 10-20% return on 1-week holds (which annualizes to about 800%).
      9/18/12
    • 458402: Everything you buy doubles :)
      9/18/12
    • adawg304: ^ isn't that the truth! haha
      9/18/12
    • Maria Auziliadora: JBL will beat
      9/25/12
    • Maria Auziliadora: I bought very similar to you OM but more calls
      9/25/12
    • Maria Auziliadora: than puts
      9/25/12
    • Maria Auziliadora: Look at that PE of JBL
      9/25/12
    • Maria Auziliadora: We need a big run in the market!! everyday it sells off at the close But I hate trading after hours unless I see a deal
      9/25/12