Seeking Alpha
  • Ocean Man
    Sold my $GOOG put for a gain of 23% in 3 days. That replaced the one I sold up 34% on Tuesday. So +57% on the pair.
    1/18/13
    Reply (9)
    • Ocean Man: Letting the call side ride, hoping for a bounceback later today or Tuesday prior to earnings.
      1/18/13
    • wigit5: Little off topic OM but thought i'd note that QRE just broke $18 first time since their secondary offering. Still holding long at 16 & 17 :)
      1/18/13
    • Ocean Man: Yeah QRE has been making a real nice run, a little bit each day. It's a great long-term hold with that big yield and accretive acquisitions.
      1/18/13
    • wigit5: Just wanted to give you some credit! You pushed me over the edge on my original buy. ( I was debating it for a long time and your endorse
      1/18/13
    • wigit5: made it an easier call!
      1/18/13
    • adawg304: so when you rolled into the 2nd put, hadn't IV already ratcheted up by then?
      1/18/13
    • Ocean Man: It hadn't, and it still hasn't much. The drop in market VIX has stifled the play to about break-even.
      1/18/13
    • adawg304: I see
      1/18/13
    • Dr. Kris: OM: Getting out of your put position is a wise idea in this market!
      1/18/13
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