Happy Hour Trade Review

• stevenplace
• May 8th, 2009

This list isn’t exactly comprehensive, but it’s got the general theme: fade momentum by getting into some spreads, looking for a decrease in absolute price movement into June.

You can copy and paste these trades directly into your thinkorswim platform; they’ll also be on mytrade. Do note that the position sizes are just defaulted at 10, so you’ll have to choose the level of risk that you’re comfortable with.

SELL -10 IRON CONDOR AEM 100 JUN 09 55/60/45/40 CALL/PUT @2.15 LMT

SELL -10 IRON CONDOR IYR 100 JUN 09 37/38/28/27 CALL/PUT @.55 LMT

SELL -10 VERTICAL SPG 100 MAY 09 55/60 CALL @1.70 LMT

SELL -10 IRON CONDOR OIH 100 JUN 09 120/125/85/80 CALL/PUT @1.13 LMT

BUY +10 CVX 100 JUN 09 70 CALL @1.90 LMT

Short CMG, EAT, PNRA, MCD, CBRL

BUY +10 1/2 BACKRATIO AMZN 100 JUN 09 80/75 PUT @.90 LMT -> Only do this if you think the downward price movement will be VERY fast, otherwise just buy puts for a trade.

The information in this blog post represents my own opinions and does not contain a recommendation for any particular security or investment. I or my affiliates may hold positions or other interests in securities mentioned in the Blog, please see my Disclaimer page for my full disclaimer.

Tickers: amzn, cbrl, cmg, cvx, eat, mcd, oih, pnra, spg

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