Monday, August 1, 2011

OWSOSB straddle: + 29% 13 days

Credit: Option Wizard® Simplified Options Strategy (SOS) Backtester.

7/19/2011 11:06:54 BOT SPY 100 AUG 11 133 PUT @3.25 NASDAQ
7/19/2011 11:17:19 BOT SPY 100 AUG 11 133 CALL @1.96 CBOE
8/1/2011 13:00:23 SOLD STRADDLE SPY 100 AUG 11 133 CALL/PUT @6.20

Potential for snapback rally if D.C. avoids ritual suicide....I'm thinking they will....we'll see, in any case, it is the right thing to do and the right time to exit....