Copyright Notice

All contents of this blog are protected by copyright and may not be reproduced in any form without prior written consent from the author. Copyright 2010, 2011, 2012, 2013, 2014 Jawad Akhtar.

Tuesday, September 14, 2010

BBY Strangle update

BBY beat earnings handily and updated their full year outlook.  Shares are up pre Market to around 37.25 (up 7.5%).  I will close out the calls for a 100% plus profit on the entire strangle at market open.

Update - 8:31 AM.   Sold the calls for 2.43  for over a 100% profit on the entire position.  The puts are worthless at this time.  Not bad for a 2-3 day play.

No comments:

Post a Comment