Trades for 2010/08/26 (IWM)

[cosmic]

Sold IWM calls at .55, so trade was .35-->.55, a 63% gain.

I don't like the weeklies though. I only played them for the extreme leverage and the obvious gap-up firework.

Thanks to Cashfilly for the 'How to buy at EOD tip'

[cosmic]

I guess I could have held them for 100% gain, but the decay curve on those is horrendous with them expiring tomorrow, didn't feel any market strength at the open.

Ah well. Stupid algos.

[cosmic]

Interesting problem. At 60.99, the IWM weekly has .60 in premium on the 61.00 strike.

You have 12.5 hours to work that off in regular session, or IWM has to go into the 61's, have them meet half way. Problem is if IWM starts rising, the calls will go up as well, so I expect the action to be VERY opex-ish the next 2 days.