Brought it on monday when google around 512
GOOG OCT 540 C -172
GOOG OCT 490 P +268
Net profit : 96
Brought it on yesterday when google around 515
GOOG OCT 530 C -262
GOOG OCT 500 P +368
Net profit : 106
This is the strangle strategy that i used and make a small profit ;D. The above prove that not much different between the 2 set of strangle. I notice that VIX play a big part as i brought it when VIX is low as compare to today. I choose these OTM contract because it is relatively cheap like around 1k + per contract. The total slippage between the 2 set of trades is roughly around 40cent - 60 cent which i find it quite cheap. As im writing this post, google just drop another 3 bucks. 8-)
News is the catalyst for this strategy to work!! ;D
Wanna say thanks to Jack and Chiu for telling me more about my this strategy as i can buy cheaper option (OTM) and also take note about the IV , VIX thingy.
Small notes: This post is not to show that how much i make but to share that this strategy does work and i havent lose money using this strategy ;D
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment