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Old 11-20-2007, 04:52 PM
Jimbo Jimbo is offline
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Join Date: Sep 2002
Location: Planet Earth but relocating
Posts: 4,376
Default Re: My Strangle for December

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I purchased 640 Dec calls (GOOLH) today for $26.40 each. These should become very valuable long before expiration. Just to be safe I did buy half as many Dec 630 puts as my 640 calls but still expect my money to be made on the upside.

Jimbo

[/ QUOTE ]

Well this strangle worked out nicely. I did miss today's high on my 640 calls but still got $37 for them also I did luckily catch the bottom yesterday wih my 630 puts so this turkey loves Thanksgiving week.

Jimbo
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