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Nine hours and no reply, perhaps I could be of some assistance. :) I recommend an Iron Condor for UL's that you have a neutral outlook on. And perhaps sell an extra put 1 strike OTM since you are willing to own the stock.

All positions below would be same expiry. I'm not into the more complicated multi-expiry dates yet. Long Calls or Puts Short Calls or Puts Iron Condors Long or Short Straddles/Strangles Credit Spreads Debt Spreads Covered Calls

Do you have a link? Post any concerns in the proper thread. :)

If you have questions on those trades post them in the respective threads. This thread is on Earnings: IC vs Short Strangle and the stock in question is VVUS. No need to hijack this thread. :)

Could you post some links to clarify what you are taking about. You quoted my post on Iron Condors and Short Strangles which is the topic of this thread, but now you seem to be drifting away and talking about Naked Calls and Long Calls. :confused:

Thanks. AAPL I believe was a 2x return, BIDU 1.5x return, and this VVUS call looks like another one of my home runs. Could be 5x or more. :) http://www.elitetrader.com/vb/showthread.php?s=&postid=3453127#post3453127

:) http://finance.yahoo.com/q?s=VVUS

Not everyone. http://www.elitetrader.com/vb/showthread.php?s=&postid=3453127#post3453127

Yes ..... Bookmark this page for a quick reference, it's about 95% accurate. http://biz.yahoo.com/research/earncal/today.html

You know diddly squat about options.

Have you considered IB? ......the commissions would have been about $3.00, instead of $12.95.

Do you think babutime is Nine_Ender? They both have a similar writing style, and babutime shows up when Nine_Ender posts that he has had it with ET and will no longer post.

You are just making stuff up. I highly doubt anyone would day trade a spread, unless they had fat fingers.

In my opinion the best way to capitalize on the juicy premiums is with Iron Condors. Short Strangles are too risky.

+1

This is the trade I would make. Buy VVUS Mar 2012 16.00 calls @ $1.11 or whatever the price is on Tuesday, Feb 21. VVUS price target $20.00+, easy 4x gain on the options. Options 101 = Keep things simple :)

Short Strangle = No insurance. OK if your stuff doesn't get stolen. Iron Condor = Insurance. You pay a premium but if your stuff gets stolen you are usually better off than the guy without insurance.

GLD and SLV holdings are 100% Physical Gold Bullion and 100% Physical Silver Bullion they do not have shares in any companies.

Nine_Ender has lost his marbles, gone off the deep end, been pushed over the edge, gone completely insane, etc. <iframe width="420" height="315" src="http://www.youtube.com/embed/z_NwvO1UxN8" frameborder="0" allowfullscreen></iframe>

Iron Condors or Short Strangle. Problem is that the premiums will be low, the reward/risk ratio not so good, and all stocks break out of a trading range at some point.