Tuesday, March 18, 2008

Play with IV

In the time of turmoil, the best strategy is playing IV! The QQQQ strangle I bought yesterday gives me 10% return so far.

I chased MER put yesterday. Its IV dropped a lot this morning. It was a bad trade. I did not conquer my greed this time! This is one of my worst plays recently. The missed BSC and LEH finally turned my greed on although I planned to only DT before FOMC. It is a lesson.

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