geewhiz112 10:12 am on Tuesday, July 25, 2017

Post Earnings Trade $GOOGL

$GOOGL STO 8/18 940/960/1010/990 Iron Condor at 11.53 OMM Trade

Bobbie 10:32 am on Tuesday, July 25, 2017

Whiz – please explain why you selected those strikes. The expected move +/- $
37. What is an OMM trade?
- geewhiz112 11:28 am on Tuesday, July 25, 2017
  
  OMM is a service I subscribe to. The expectation is that there would be a slightly bullish expectation for GOOGL and that the stock would channel between 950 and 1000 for several weeks. That is why the put side is closer to current prices than the call side.
  - Bobbie 11:31 am on Tuesday, July 25, 2017
    
    Have any idea as to the success of their trades? thanks, Whiz!
  - hcgdavis 1:20 pm on Tuesday, July 25, 2017
    
    Options Money Maker? Read the book and the techniques work but I seem to do better with naked options, easier to roll than spreads. However, am learning how @jeffcp66 and others roll the spreads or reverse the spreads. Good stuff!

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