• Ocean Man
    Sold JBL strangles for a 5% gain in 1 week. $1.78 ---> $1.88. Pretty much even after commissions, so didn't really work as hoped.
    9/25/12
    Reply (14)
    • Ocean Man: The good thing is, is that the IV captures that don't work come out about even or a couple % down, and the ones that work gain 10-25%.
      9/25/12
    • Ocean Man: http://seekingalpha.com/s/7naxd
      9/25/12
    • Maria Auziliadora: JBL has all buys and strong buys OM
      9/25/12
    • Maria Auziliadora: I am going to keep it
      9/25/12
    • Maria Auziliadora: the market is bad
      9/25/12
    • REIT: OM i see you are still making 5-10% per hr ...regardless of market direction
      9/25/12
    • Ocean Man: That's the idea with the strangles, they don't depend on market direction either way, just an IV capture, hoping for 10% on 1-week holds.
      9/25/12
    • Ocean Man: Those and high dividend stocks do well in a flat market, so that's the plan for now.
      9/25/12
    • Maria Auziliadora: Yes they do the market is so volatile sold JBL didn't like the direction of the market and rebought some JBL cheaper
      9/25/12
    • Maria Auziliadora: But I still lost like 600 dolares in my portfolio today
      9/25/12
    • segenault: Followed on this. In at $1.80, sold this morning at $2.90.
      9/26/12
    • Ocean Man: Nice job, seg - you made a lot more than I did!
      9/26/12
    • segenault: Accidents happen. I meant to sell yesterday too, but started running some errands and didn't get back in time!
      9/26/12
    • Ocean Man: Now that's funny!
      9/26/12