- E-Trade Financial (NASDAQ:ETFC) January 1 Put Options
- Citigroup (NYSE:C) October 5 Call Options
- E-Trade Financial January 2011 5 Call Options
- Citigroup October 4 Put Options
- Citigroup March 5 Call Options
- Citigroup January 2011 7.50 Put Options
- PowerShares QQQ (NASDAQ:QQQQ) October 42 Put Options
- E-Trade Financial January 2.50 Call Options
- S&P 500 SPDR ETF (NYSE:SPY) October 107 Put Options
- Genworth Financial (NYSE:GNW) January 5 Put Options
The stock market futures are off of their lows, although it is still very early. As of now the DOW futures are down 8 points, S&P 500 Futures lower by 0.50 points, and the NASDAQ 100 futures are higher by 0.75 points.
I will look to get long crude oil if the inventories released at 10:30 AM (EST) Wednesday cause weakness, as I'm still convinced the dollar may head lower. If we open stronger I will look to sell covered calls and close some of the PUT options I sold on Harley Davidson (NYSE:HOG), Bank of America (NYSE:BAC), and American International Group (NYSE:AIG). If we open weaker, I will look to buy back some of the call options I wrote on Palm (NASDAQ:PALM), and sell some of the October 30 strike call options on the CBOE Volatility Index (VIX) I picked up for less than $80 a contract Tuesday. The scheduled release at 2:15 PM (EST) (FOMC announcement) could certainly be a market mover. Happy trading! Sphere: Related Content
3 comments:
Marco,
On the RIMM straddle, what other pieces of information besides bull/bear ratio, IBD index, # of most active options contracts, and days until earnings announcement are you taking into consideration on this position?
What do you look at to determine "increasing levels implied volatility"?
I opened this position because I anticipated that IV will increase causing option premiums to both increase. As of now I called this correctly and the stock has moved slightly down, but my straddle position is up over 11%. I will look to close this out by 2:30 today. IV is a major part of option pricing, and it can be found for each contract. The mean implied volatility (25 delta put/25 delta call) for this position at start was 56.69, now it may be close to 65.
Post a Comment