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  • Ocean Man
    $GOOG earnings IV capture. Feb 16th $745 call for $21.15 & $725 put for $22.75. Total of $43.90 for the strangle. Earnings 2 weeks from
    Jan 7, 2:09 PM
    Reply (4)
    • Ocean Man: tomorrow. Going 1.4% out of the money on each side like this saves about $800 vs. a straddle.
      Jan 7, 2:12 PM
    • Ocean Man: And now you just root for the IV run-up and price moves to outweigh the time decay.
      Jan 7, 2:14 PM
    • adawg304: IV should rise within the next few days or next week?
      Jan 7, 5:44 PM
    • Ocean Man: Yes. A lot of companies run-up in the 2-4 days prior to earnings, but GOOG tends to start its run-up 2 weeks prior to earnings.
      Jan 7, 7:36 PM