VXGN options

S

silk

I'm short a straddle. Sold the FEB $10 puts and the $25 calls. Should be a fun rollercoaster over next few months. I took in about $3.7 premium. So my break even range is $6.3 to $28.7 at expiration.
 
Quote from silk:

I'm short a straddle. Sold the FEB $10 puts and the $25 calls. Should be a fun rollercoaster over next few months. I took in about $3.7 premium. So my break even range is $6.3 to $28.7 at expiration.
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That is a Short Strangle, not a Short Straddle.
 
Better hope they can't come out with that vaccine. This is one case where good news will be a lot more detrimental than bad news. I played the Dec options a little bit back because I didn't want to be short options into an announcement like that.
 
Quote from Ikspec:

Better hope they can't come out with that vaccine. This is one case where good news will be a lot more detrimental than bad news. I played the Dec options a little bit back because I didn't want to be short options into an announcement like that.
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I agree. The anthrax vaccine contract will provide some support. Even a modestly successful AIDS vaccine announcement would send the stock through the roof, at least for a couple of days.
 
Quote from silk:

I'm short a straddle. Sold the FEB $10 puts and the $25 calls. Should be a fun rollercoaster over next few months. I took in about $3.7 premium. So my break even range is $6.3 to $28.7 at expiration.
More...
that rollercoaster would be alot less fun if you didnt choose the strikes you did!!! nice work silk
 
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