Seeking Alpha
  • Ocean Man
    Sold the put side of my $GOOG straddle $22.75 ---> $30.60 +34% (Feb 16th $725). Replaced it with a Feb 16th $680 put for $11.70.
    1/15/13
    Reply (4)
    • Ocean Man: Call side is obviously down, but this move increases the chances of a bounce back up being a big win and still plays the IV run-up.
      1/15/13
    • Ocean Man: Original trade: http://seekingalpha.com/s/alvyz
      1/15/13
    • Ocean Man: Turned out to be a good idea. The put I sold dropped $600 on the bounce back up, while the new put only dropped $250. The call gained $330.
      1/15/13
    • Ocean Man: So this flip turned a $270 loss into an $80 gain.
      1/15/13