tag:blogger.com,1999:blog-973587304515257848.post5953227415684818387..comments2024-02-11T00:12:56.047-08:00Comments on IN THE MONEY TRADES: New position in FSLRAnonymoushttp://www.blogger.com/profile/02083421527404780093noreply@blogger.comBlogger2125tag:blogger.com,1999:blog-973587304515257848.post-76009835643676642672010-01-21T15:28:26.981-08:002010-01-21T15:28:26.981-08:00I'm actually comfortable selling a put spread ...I'm actually comfortable selling a put spread on GOOG if it opens in the $550 range on Friday. I would just keep rolling out the spread to lower prices if need be, eventually it will find a bottom. I'll wait to see where it opens before I price out scenarios so I'll let you know what I'm going with.Jason Haashttps://www.blogger.com/profile/08138027111150684908noreply@blogger.comtag:blogger.com,1999:blog-973587304515257848.post-78304872168282119042010-01-21T13:26:09.809-08:002010-01-21T13:26:09.809-08:00As you can see from above I did sell a few Iron Co...As you can see from above I did sell a few Iron Condors on GOOG going into earnings. This was an idea out of IWO. <br /><br />GOOG just reported and beat expectations on both rev's and EPS. I guess the Rev's was not the beat they were looking for as GOOG is trading down about $30 in the after hours. <br /><br />Our position is still in tact. If it is still trading down at these levels I may look to sell some more put spreads in lower strikes.<br /><br />For example I am looking at the 490/500 put spread. It closed with a mark at $0.60. Playing with the options pricing model with the stock dropping $30 it could be trading for as much as $2-$2.50 tomorrow morning with GOOG at around $550. The upper range is adjusting volatility upward by 10% as this increase as price decreases. The lower range is just adjusting price.Anonymoushttps://www.blogger.com/profile/02083421527404780093noreply@blogger.com