Trades for 2010/08/18 (GOOG)

[cosmic]

I plan to cover my JAZZ $10 short puts today (hopefully at .01 lol) and then wait. Should the short puts not get to almost .01, then I'll most likely hold the straddle through expiration.

I may also enter some SPY puts today at any peak since the Doom is so thick you can cut it with a knife, just as a hedge. Looking at Sep and Oct since it's Opex week.

[cosmic]

I added some GOOG 510 calls at .12, only a handful of contracts. A ridiculous bet, but one I think might make sense looking at the call/put/decay setup. Maximum loss is $75, but if GOOG were to move closer to $500 for expiration could be a nice play...

[cosmic]

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[Dualism]

A long GOOG strangle option play may have had a good chance of making some dough or b/e.

[cosmic]

lol you're right, I should have bought the other side too - I just couldn't decide which strike.


Teach me Greek ;D