Tuesday, March 8, 2011

Straddle Trades

Some straddle trades im in...

Sold out of a nice one today that I entered yesterday into the close on BKCC

-Long May 12.50 call @ .40 - exited @ .20
-Long May 12.50 put @ .35 - exited @ 1.20

Paid out nicely from a big downward move from earnings, missed better fill prices though.


Others which I have now entered as earnings plays....

FNSR
- Long March 41 put @ 2.30
- Long March 41 call @ 2.25

SMTC
- Long March 24 put @ .90
- Long March 24 call @ .90

MCP
- Long March 45 put @ .75
- Long March 55 call @ .75

HITK
- Long March 17.50 put @ .20
- Long March 22.50 call @ .25

We'll see how they play out
- Krames
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