smilytmm's  Instablog

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  • Profiting From Volatility 0 comments
    Sep 11, 2013 5:51 PM | about stocks: NTI, BBRY, HDB, TBTOQ, AMRN

    Volatility in this market is abnormal.

    So, I'm trying to use it to my advantage.

    Sold put vertical on HDB and BBRY. On these the IV is hitting high and I think it is close to the ST bottom.

    I sold put vertical on 440/450 AAPL. It wasn't due high IV. I just thought it was oversold when it got to 465.

    Sold naked put on NTI sept. 17.5 and GNK Oct. 4. NTI is so cheap at this price. GNK is moving higher and I want to use the high IV to make a bullish bet.

    I haven't shorted much of anything except for F and hedging my QIHU position.

    I am going to let my sept iron condor on TBT run through the expiration as IV is coming down. The IV will probably pick up in couple of weeks and will look to put it on again in Oct.

    Another interesting position is on AMRN. I sold Sept. 7/6 put for .2. It's IV for Oct. is crazy high. But, I am not interested in Oct. since I am not sure which way it will move. Instead my short put gives me 20% return if it holds 7 till expiration. If it goes below 7, I will turn around take the stock and sell the call close to the money.

    Disclosure: I am long NTI, BBRY, HDB, TBT, GNK, AMRN.

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