OIH Analysis
- stevenplace
- October 27th, 2009
Trade for subscribers to come EOD
Here’s the trade:
SELL -2 VERTICAL OIH 100 NOV 09 115/110 PUT @.77 LMT
SELL -2 VERTICAL OIH 100 NOV 09 135/140 CALL @.66 LMT
We’re getting into an iron condor, breakevens at 113.50 and 136.50
You can start with the put verticals first, and if we close above 12550 I would hold off on the call verticals. Let’s leg into it so we can get a nice spread.
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Steve Place is a professional derivatives trader, focusing on equity options. He has a degree in Electrical Engineering with specializations in Signals Processing, Stochastics, and... More »
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