fuzzballl 11:19 am on Monday, October 10, 2016

IBB strangle

Adding a new one to my stable of strangles…

Sold IBB NOV 18 2016 265.0/310.0 Strangle @ 5.15

Ramie 11:52 am on Monday, October 10, 2016

Following, thanks (got 5.15 as well). Slow day and not much to do. This looks like one that will have a good chance of being managed early.
- fuzzballl 12:09 pm on Monday, October 10, 2016
  
  Sure does…went slightly inside one std dev just to see how it goes. Ever since I heard Sosnoff talking about making 80 percent of his money on about 20 tickers with perpetual positions I’ve been building a few positions to experiment. Just rolling around and selling premium and letting the market tell me what to do. So far so good on CMG GLD IBB REGN TLT and WYNN. Looking to add NFLX and possibly TSLA with aggressive strangles during earnings.
  
  Watching XLE, IBM, EWW, and FXI also to possibly add.
  
  All small positions in a wide variety of sectors bringing in premium as they wander around. Low daily account swings with minimal margin tied up.

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