Wednesday, February 3, 2010

Feasting on Toyota Straddles: Profit of +29.4%

On January 28 we posted the straddles for Toyota Motors, TM. Here are the current results, for February to July months:

(please click to enlarge)

All positions are profitable. As expected, the current month options offered the largest gain, at +29.41% in one week. This is followed by March position, at +25.97%. Even the July position is profitable at +8.19%.

The campaign against Toyota is going on strong, the beating goes on. The obvious beneficiaries are Ford and GM. Please remember that last quarter Ford boasted of a profit, but most of its profit was from credit operations (a la GM in the past). Investors should be extremely concerned with this campaign against Toyota. I believe the company will be eventually vindicated. As usual, straddles are one the best ways to play, profiting if the stock goes in either direction.

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Straddles computed with StraddlesCalc Tool

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