Bought 2 Months volatility on Industrials: XLI AUG $36/37 Strangle for $1.73 (4.6%)

June 30, 2011 · Posted in Trades, US Options · Comment 

Betting on Industrial stocks will move on ISM release this friday .

bought august strangle on XLI (industrials) for $1.73 (4.6%)

 

Catalysts in upcoming 3 days:

Thursday 8:45 AM EST : Chicago PMI

Friday 6:50 AM EST : Japan Tankan

Friday 9:00 AM EST : ISM Mfg Index

Covered the remaining short on Citigroup at $38.96

June 22, 2011 · Posted in Trades, US Equities · Comment 

Shorted @ $4.51 before the reverse split

its equivalent to $45.10 after split

P&L = + $6.14 per share