• Ocean Man
    The GOOG Oct $780 calls I bought on Tuesday for $8.50, just sold 'em back for $11.30. Re-balancing strangle on the 13-point up move today.
    10/11/12
    Reply (5)
    • Clayton Rulli: interesting! I like the action
      10/11/12
    • Ocean Man: I'm not playing this like most people play a strangle, I'm trying to scalp price moves, which is risky but has been working. Doesn't work if
      10/11/12
    • Ocean Man: price moves just continue in 1 direction, works great if you get alternating up days and down days.
      10/11/12
    • Clayton Rulli: Whats your opinion for the rest of the week? We going lower? Might be tough for SPY to move dramatically lower with aapl not tanking anymo
      10/11/12
    • Ocean Man: Not sure, just trying to do some buying on the down days and do some selling on the up days.
      10/11/12