Sunday, March 1, 2009

Updated March Straddles

Here are some updated March straddles. Computations used prices at the close on Friday using the straddles calculator tool at http://nexalogic.com/nexastraddles.html

IWM (straddle):










IWM (strangle)










XLF:










SPY:










UCO (2X oil):










AUY (Yamana Gold):










YHOO:











And a pharma company that may be reporting FDA results soon:

DNDN:

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7 comments:

Michael said...

Hi,

Am I wrong or are the Yhoo options acting strange - i.e. not cent/cent with the stock?

The Shocked Investor said...
This comment has been removed by the author.
Michael said...

Anyway, tried a straddle of LMT @ 60 today.

The Shocked Investor said...

YHOO went from $12 (Mon) to $13.20 (Thu), the call 13s went from $0.55 to $1.15 (+109%), the put 13s from $1.60 to $0.80 (-50%). Seems fine, but it is possible that a high IV is being embedded since all this MSFT rumous started surfacing. In that case, the options may not move much after any real news are announced.

The Shocked Investor said...

Michael, any reason behind going for LMT?

BTW, your TBT puts may be coming back alive.

Michael said...

I thought the volatility would be fairly high based on recent events. So far not really looking that way. We'll see.

Crazy situation on a DIG @ 22 straddle I did. The calls have a bid of .65 (stock at 18.30) - the longs are incredibly optimistic. Not sure what to do here, still think there is more downside although the puts have covered the cost of the trade, I rather feel like selling the calls. But that seems dumb too! Gotta be a bounce coming sometime. Tough one.

Michael said...

Yeah, TLT has a pulse again. The tinfoil hats are going back into the closet for now.

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