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

June 30, 2011 · Posted in Trades, US Options 

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

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