Strangle All the way to the Bank

2 GOOG OCT CALL 590 BTO 14.6 22:36:50 SLD 19.8 01:00:49
2 GOOG OCT PUT 580 BTO 14.7 22:36:51 SLD 10.0 01:00:44

Net profit: 95

2 GOOG OCT CALL 600 BTO 14.9 01:07:53 33.24% SLD 16.0 01:21:59 33.91%
2 GOOG OCT PUT 590 BTO 14.2 01:07:51 33.42% SLD 13.6 01:22:16 33.58%

Net profit: 94

Total net profit: 189

What is the best thing to do in a cRazy market? Well the best thing is to go for non-direction trade haha... Today is one of the best day to STRANGLE a stock. This is the first time i can take my strangle profit within a day or should i say within a few minutes. My second strangle only took me 15 minutes to make 100 bucks from 4 contracts which is very good.

IV play a major factor. The next coming stock that i will strangle is BIDU...

Defiant bull puts Dow at 14K

The market is going crankier as the day goes by. It is so hard to put a direction trade now. Bad news coming in today like citibank, UBS and even the manufacturing data come in BAD. Did the Bad news affect the market ? Well not at all. Today the market just skyrocket fuel by BAD news . This is absolutely crazy. It is so hard to do Momentum trading. I wonder when will the market become normal again. Maybe somebody can tell me what is happening in this market?

The only reason that i can think of is the underlying bullishness of the people. Many people want and predict that the fed will cut rate again. Thus many people just buy and buy and buy. Okay i shall wait till the market go bad to normal before i do anything stupid. Yesh i still hold on to my stupid BSC PUT and once it hit my level i will just cut lost and move on with it.

Let see what will happen during the 2nd half of the trading day. WELCOME TO THE CRANKY MARKET ...