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  • A Good Option Strategy: Exploiting Earnings - Associated Rising Volatility [View article]
    AAPL is one of the best candidates for this strategy. Since the options are expensive, I might hedge with further OTM strangle, creating reverse iron condor like the one described here - http://seekingalpha.co...

    But AAPL still hasn't confirmed the date - where did you take the info that it's next week?
    Jan 3, 2012. 03:23 PM | Likes Like |Link to Comment
  • Trading The Pre-Earnings Volatility Spike On Monsanto, Mosaic And Apollo [View article]
    You can build a combo with pre-defined strategies, strangle/straddle one of them. Right click on the stock and it will open an option for Options Combo.
    Jan 3, 2012. 03:20 PM | Likes Like |Link to Comment
  • Trading The Pre-Earnings Volatility Spike On Monsanto, Mosaic And Apollo [View article]
    My MON trade is currently up 7%. The stock is around $72, so 67.5/72.5 would not be delta neutral. If you still want to do it, move the strikes 2.5 points up.

    I entered MOS today (52.5 straddle), I think it is a good trade. Also trying APOL 50/55 at 3.05.
    Jan 3, 2012. 01:59 PM | Likes Like |Link to Comment
  • Trading Google Before Earnings [View article]
    I'm in GOOG 610/620/690/700 at $4.70.
    Jan 3, 2012. 01:22 PM | Likes Like |Link to Comment
  • Trading Google Before Earnings [View article]
    Debit means that I'm paying for the trade, not getting credit. Credit usually requires margin, debit not.

    The sold strangle is covered by the closer strikes bought strangle.

    BTW, anyone who is intending to take the trade - since GOOG moved, please move the strikes 10 points up.
    Jan 3, 2012. 11:25 AM | Likes Like |Link to Comment
  • Trading The Pre-Earnings Volatility Spike On Monsanto, Mosaic And Apollo [View article]
    Sorry, straddle. Was a bit inpatient, might get a better price now.
    Jan 3, 2012. 11:15 AM | Likes Like |Link to Comment
  • Trading The Pre-Earnings Volatility Spike On Monsanto, Mosaic And Apollo [View article]
    I'm in MOS 52.5 strangle at 2.58.
    Jan 3, 2012. 10:35 AM | Likes Like |Link to Comment
  • A Review Of 'Expert' 2011 Predictions [View article]
    If your analysis of the market is correct, this should work well. The benefit of my approach is that I don't have to worry about the markets direction.
    Jan 3, 2012. 10:33 AM | Likes Like |Link to Comment
  • My Long-Term, Enhanced Investing-For-Income Strategy [View article]
    K202,

    I just came across this article from your later articles and I think you did an excellent job by explaining the strategy. It makes a lot of sense. In fact, I could never understand why someone would buy a stock at a full price when you can buy it at discount with naked puts plus generate some income with covered calls.
    Jan 2, 2012. 09:53 PM | Likes Like |Link to Comment
  • Positioning For 2012: Guide To The Series [View article]
    I described in my article http://seekingalpha.co... how some of the expert predictions performed in 2011 (hint: many experts had 12 months target price of $18 for BAC and $60 for JPM).
    Jan 2, 2012. 09:42 PM | 1 Like Like |Link to Comment
  • Trading The Pre-Earnings Volatility Spike On Monsanto, Mosaic And Apollo [View article]
    Yes, it is definitely possible to structure the trade this way, and I might do it if the difference in deltas is still too big tomorrow. In fact, in hindsight, I should have done it Friday morning - on Friday IV already jumped 4-5%. But no woulda coulda shoulda..
    Jan 2, 2012. 09:18 PM | Likes Like |Link to Comment
  • A Review Of 'Expert' 2011 Predictions [View article]
    Thank you for your comment Greg.

    Your idea makes sense. But if the stock goes below the strike, you will still lose money. WIth collar, you can structure it in a way that no matter where the stock goes, you lose nothing (but also win nothing). It's like selling the stock. Of course it's matter of personal preference.
    Jan 2, 2012. 08:04 PM | Likes Like |Link to Comment
  • A Review Of 'Expert' 2011 Predictions [View article]
    Thank you DAC. No more inspirational kickbacks from me..

    "Getting Started In Options" by Michael C Thomsett is very good.
    "Options as a Strategic Investment" by Lawrence G. McMillan is considered a classic.
    I personally like "The Rookie's Guide to Options" by Mark Wolfinger very much.
    "Options Made Easy" by Guy Cohen is pretty good.

    For more advanced level, I like Jeff Augen books very much.
    Jan 2, 2012. 07:59 PM | 1 Like Like |Link to Comment
  • A Review Of 'Expert' 2011 Predictions [View article]
    Thank you Gary.
    Jan 2, 2012. 12:17 PM | Likes Like |Link to Comment
  • A Review Of 'Expert' 2011 Predictions [View article]
    When analysts talk about price targets, they refer to 12 months periods, not years. Any stock can recover eventually, even BAC, the question is do you want to bet on it?
    Jan 2, 2012. 12:17 PM | 1 Like Like |Link to Comment
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