GOOG Earnings this Thursday - 570/580/590 Butterfly only $1.20

[FCXoptions]

Quote from cdcaveman:

if you trade options alot in the future.. most brokerages kill you with commissions.. look at Interactive brokers..

Check out OptionsHouse if you trade a lot of options. They work out to be significantly cheaper than Interactive if I am not mistaken. BUUUTTT they dont offer anywhere near the services and products that Interactive does. It is less than $25 to trade 100 contracts with them or if you do big volume its under $160 for 1000 contracts.

When you get into the high volume though I know IB drops their cost a good bit so it might work out about the same afterall then.

 

[cdcaveman]

Quote from FCXoptions:

Check out OptionsHouse if you trade a lot of options. They work out to be significantly cheaper than Interactive if I am not mistaken. BUUUTTT they dont offer anywhere near the services and products that Interactive does. It is less than $25 to trade 100 contracts with them or if you do big volume its under $160 for 1000 contracts.

When you get into the high volume though I know IB drops their cost a good bit so it might work out about the same afterall then.

true no base fee with these rates attracted me .. how do you beat that? plus you can trade futures, currency, etc etc etc..

United States - Smart Routed: <=10,000 Monthly Contracts
Example
Tier Commissions Minimum Per Order minimum
Premium => USD 0.10 USD 0.70 per contract USD 1.00
USD 0.05 =< Premium < USD 0.10 USD 0.50 per contract USD 1.00
Premium < USD 0.05 USD 0.25 per contract USD 1.00

 

[cdcaveman]

hi how are you.. i can relate .. haha but on the serious note instead of being MR. cool freak of nature guy who just comments randomly about gambling.. why not give us your two sense as to why a post earnings trade makes more sense? unless your of course way to cool for us and think that you have such a lock on the profits of after earnings trading that you don't want anyone to know! .. "impossible" haha

 

[cdcaveman]

just messing around.. anyone break wings on butterflys?


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[cdcaveman]

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[diaoptions]

Quote from diaoptions:
07-19-12 03:23 PM
OK .... This is my final butterfly position.

580/595/610 Butterfly $1.70

• GOOG @ 595.82
• Buy 1 GOOG Jul 2012 580.00 call @ $24.90 http://finance.yahoo.com/q?s=GOOG120721C00580000
• Sell 2 GOOG Jul 2012 595.00 calls @ $16.20 x 2 = $32.40 http://finance.yahoo.com/q?s=GOOG120721C00595000
• Buy 1 GOOG Jul 2012 610.00 call @ $9.20 http://finance.yahoo.com/q?s=GOOG120721C00610000
• Total Debit $1.70.
• Maximum loss $170.00, maximum gain $1330.00 if GOOG closes at $595 on Friday.

P/L $16.00

 

[cdcaveman]

i probably could have sold my Butterfly for alot of money this morning!

All those calender ratio's i was talking about.. are all worth almost nothing now! meaning the back month got squashed so hard everything is worthless..
Even selling the aug 685 call and buying 3 july 20th 685 is completely worth nothing..

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[cdcaveman]

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[jj008]

gain $0 whatever GOOG closed at on Friday.

it is impossible to get profit by this

 

[cdcaveman]

Quote from jj008:

gain $0 whatever GOOG closed at on Friday.

it is impossible to get profit by this

what do you mean by that? i bought a buttefly at 45 and it traded at over 250 friday morning? how exactly can you say that?