Seeking Alpha
  • Ocean Man
    Sold some more GOOG puts on the dip under $748.
    10/12/12
    Reply (7)
    • Ocean Man: Bought for $9.06 & $7.70, sold for $12.80, gain of 52%. Offsetting calls are down 18%, good trade-off.
      10/12/12
    • Ocean Man: Just sold some more at $13.80 on the dip under $746. Gain of 65%. Slightly overweight calls now.
      10/12/12
    • adawg304: I thought you were going to exit the position by 10/10? Or is there still tons of IV to capture up until the 18th?
      10/12/12
    • Ocean Man: I had bad info on the earnings date on that original post, had to adjust strategy. Just sold all but the last couple puts for $14.40 (+72%).
      10/12/12
    • Ocean Man: Definitely rooting for up now. The 10th was a nice 9 days from options expiration, but the 18th is the day before. Decay really picks up
      10/12/12
    • Ocean Man: fast in the last few days before expiry, so might not outweigh IV gains - made the entire setup less ideal, so I've just been battling it.
      10/12/12
    • adawg304: ok thanks! good info to know for the future.
      10/12/12