File this one under "I'd rather be lucky than good".
I was able to exit on the call side of my IBM strangle today giving me a moderate 28% overall return that I will gladly take. After earnings were pretty much right on target, I wasn't expecting a move big enough to get me in the money.
Now I just need an exit strategy for these AMZN puts.
Subscribe to:
Post Comments (Atom)
1 comment:
Nice play on IBM.
AMZN could easily fall $5-$10 in one day. The likely hood of it skyrocketing up after its recent move is slim. I like adding to AMZN puts with the July or Oct expiration.
My puts are worthless and not worth a double down but this stock may become the poster child of the most recent buy mania.
Post a Comment