Trying out a new idea from Klaiman/O'Brien/Augen/others about long iron condor/short butterflies to take advantage of near term moves. With negative theta/positive vega, these positions tend to offset short iron condors which have positive theta/negative vega.
CAT Mar4 -105p/+110p/+115c/-120c for 1.20 debit. Looking for 3-4 point move or volatility increase over the next 5 trading days.
Target 25% / stop loss 20%
Thursday, March 15, 2012
New earnings trade ORCL
From Klaiman
ORCL earnings trade - reports Tuesday 3/20 A
Opened Mar4 30 straddle at 1.71. Vol at 48 / back months are about 35. May have entered a bit late, but hoping for additional vol increase.
Target 1.90 - exit before Tuesday close.
ORCL earnings trade - reports Tuesday 3/20 A
Opened Mar4 30 straddle at 1.71. Vol at 48 / back months are about 35. May have entered a bit late, but hoping for additional vol increase.
Target 1.90 - exit before Tuesday close.
Calendar trade MCD
From Options Genius
MCD Apr/Jun 100 calendar. Trading between 96 & 102 since November. Low vol environment. April vol 16.8/ Jun 18.4.
Profit 25%/stop loss 30%
3/16 - entered 2 call calendars at .98
MCD Apr/Jun 100 calendar. Trading between 96 & 102 since November. Low vol environment. April vol 16.8/ Jun 18.4.
Profit 25%/stop loss 30%
3/16 - entered 2 call calendars at .98
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