Wednesday, October 3, 2007

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...

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