Thursday, May 8, 2008

OPEN: DVN, POT, AAPL, GS, IBM, LFC

Today I placed several trades with my trade group:

DVN Iron Butterfly (post earnings)
Jun 115 call
Jun 130 call
Jun 120 put
Total credit= $11.50
Exit on volatility crush

POT Naked Put
Jun 170 put for credit of $4.80

AAPL Naked Put
Jun 170 put for credit of $4.00

GS Naked Put
Jun 175 put for credit of $5.00

IBM Long Call
Jun 125 Call for debit of $3.40
No stop loss but sized for maximum loss

LFC Bull Put Spread
Jun 57.5/55 puts for credit of $0.62

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