Seeking Alpha
  • Ocean Man
    Bought GOOG strangles to capture IV increase into earnings. Oct $785 calls & $730 puts for $24.20. Historically, one of the best IV plays.
    10/2/12
    Reply (6)
    • RMF - Rethinking Modern Finance: For Oct 5?
      10/2/12
    • 1980XLS-2.0: I like that trade. Good luck
      10/2/12
    • Ocean Man: No, Oct 19th. Earnings Oct 10th. Added 780 / 730 strangles at $25.40, $5 lower on the calls for only $1.20 more as stock went 759 --> 755.
      10/2/12
    • Ocean Man: Added some more 780 / 730 strangles for $25.00.
      10/2/12
    • RMF - Rethinking Modern Finance: Thanks. New at strangles and going to try
      10/2/12
    • Ocean Man: RMF - some strangles are used to capture a big post-earnings move, but this one is to capture the IV run-up into earnings, so sell on 10/10.
      10/2/12