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. 

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