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I believe the best way is to buy Nickel futures, options might be too expensive.

UPDATE: Position still open, unrealized P/L: - $-36.32 :) SBUX almost back to when I opened this position. Without the short SBUX May $40.00 call the unrealized loss would be about $10.00 more. GMCR took off today, this might help boost SBUX. http://finance.yahoo.com/q?s=gmcr&ql=1

The best move to cover for black swans and take advantage of high IV is to sell Iron Condors for a credit. Something like: SLV at 40.58 Sell 41.00 call Buy 44.00 call Sell 40.00 put Buy 37.00 put EDIT: Also checkout AGQ http://finance.yahoo.com/q?s=AGQ

If you think it's so easy posting a live trade why don't you give it a try? The ET record is 1900%, good luck.

Trades have to be compared based on percentage gains not dollars, that way everyone is on a level playing field. A $1000 trade might be peanuts for some, but too much for others. This AGQ May 200 Put trade by mikeenday was the best ever posted on ET, $0.25 to $5.00 = 1900% will be tough to beat.

How about options on the CurrencyShares Euro Trust (FXE)? http://finance.yahoo.com/q?s=FXE

UPDATE: Position still open, unrealized P/L: - $48.32 :( SBUX not doing so well, looks like this trade will be a loser. The 37.00 call is almost $1.00 OTM with 2 1/2 weeks to expiration.

Congratulations to mikeenday . He just got himself a 1900% trade. http://www.elitetrader.com/vb/showthread.php?s=&threadid=219693

Why does this thread have such a low rating? The OP just posted the largest percent gain trade on ET. $0.25 - $5.00 = 1900% The previous ET record was 770% made by me: http://www.elitetrader.com/vb/showthread.php?s=&threadid=219349 1900% will be tough to beat.

Looks like all OTM options are dirt cheap, most are N/A or 0.05. That must be a sign that the buyout is almost a 100% deal and all OTM options will be worthless.

UPDATE: Position still open, unrealized P/L: - $21.82 :cool:

From Yahoo news "In November, intelligence officials found out where he was living, a huge fortified compound in an affluent suburb of Islamabad. It was surrounded by walls as high as 18 feet high, topped with barbed wire. There were two security gates and no phone or Internet running into the...

You must be on the West Coast? I was also watching the Apprentice during the news update.

Big up day for the markets - futures up almost 1%. Maybe DOW up 2% on May 2.

I assume to positively ID the body.

Post a real example so that we can see what sort of vertical spread you have in mind.

UPDATE: SBUX now trading at $36.49 :( Position still open, unrealized P/L: - $28.32 :( 15 trading days left. :)

JJacksET4 ...... Good news, it wasn't RIMM's earnings, this was an unscheduled announcement with bad news. RIMM's earnings was on March 24, 2011. No wonder why the options were so cheap. ET member hajimow posted this on another thread...

Looks like everyone on ET missed this golden opportunity. RIMM is a volatile, well know stock with earnings being reported one day before option expiry - amazing someone didn't pick up on this.

I notice that during a big move in AH that a stock usually will continue in that direction the next day. RIMM does appear to be in trouble. My call is Buy the 50 puts at 6:45am sell at 3:45pm. A strangle will add too much to this trade. A rebound of the stock would probally also kill the...