Here is an interesting trade idea.....
It is a IC trade on GOOG with a possible 14% return for one week. The trade is from thu 1/13/2011 using options expiring on jan 21/22.
The trade was shown as an "example" by a option guru of what is possible using a weekly option approach, it is an IC with GOOG.
His plan is to close out the trade when the option spreads reach a pre-determined level that will net $1.20 against $8.80 margin. that is 14% return in one week.
Trade was "placed" with GOOG @$616.70. 550/565p @$.65cr and 670/680c @$.70cr.
He did point out that there is risk involved if GOOG starts to move against either short strike and you would need to be prepared to take corrective action if required.
It is a IC trade on GOOG with a possible 14% return for one week. The trade is from thu 1/13/2011 using options expiring on jan 21/22.
The trade was shown as an "example" by a option guru of what is possible using a weekly option approach, it is an IC with GOOG.
His plan is to close out the trade when the option spreads reach a pre-determined level that will net $1.20 against $8.80 margin. that is 14% return in one week.
Trade was "placed" with GOOG @$616.70. 550/565p @$.65cr and 670/680c @$.70cr.
He did point out that there is risk involved if GOOG starts to move against either short strike and you would need to be prepared to take corrective action if required.
