Dec 192014
 

SOLD STRANGLE NFLX 100 JAN 15 375/310 CALL/PUT @8.95
NFLX looks like a decent setup for a strangle. My OTM percentage is around %80 on my legs and I’m still getting a lot of credit for it. I’m seeing the stock normalize a little with the market into the next week. Vol may drop which would give me a little profit for a quick trade.  Might take it off right before the holiday.  Left a little extra upside room. Basically everyday that there is a vol contraction the option will lose value because the of theta and vega. So hopefully the stock will stay right around this level for the next couple trading days. If not no prob, I will wait it out and see what I can get later.

DISCLAIMER - JVOND SUCKS AT INVESTING! FOR LEARNING PURPOSES ONLY!
Dec 192014
 

SOLD STRANGLE MCD 100 JAN 15 97.5/87.5 CALL/PUT @1.57
MCD is right in the middle of it’s Fibonacci Retracement and it’s volatility is super high and it looks to be coming off. I’m going to try and pick up the loot on the vol contraction. Pretty nice pricing at the $1.57 for around a %70 chance of win. Started using the ImpVolatility study instead of the Swami. Seems really nice.  You can see I’ve been studying this chart like crazy.

DISCLAIMER - JVOND SUCKS AT INVESTING! FOR LEARNING PURPOSES ONLY!
Dec 192014
 

SOLD IBM 100 FEB 15 165 CALL @2.79
Selling calls looking to bounce off the upper range that it came out of.

12/19/14 – SOLD IBM 100 FEB 15 145 PUT @1.75
I ended up turning it into a strangle by legging in the other side with a nice credit. You can see the new ImpVolatility study on the bottom here and check out the difference in that and the Swami.

 

DISCLAIMER - JVOND SUCKS AT INVESTING! FOR LEARNING PURPOSES ONLY!
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