Buying Swing: FLSR 125 puts and 125 calls Feb at 5.30 and 5.
Posted: Thu Feb 18, 2010 2:29 pm
Buying Swing: FLSR 125 puts and 125 calls Feb at 5.30 and 5.30. she has her earnings and tomorrow is options expiration so on Es she could easily move well above 5 -10 points in either direction. The earnings are tonight after the close and only for that do we se the premium in these options. Another idea would be to focus out of the money where premium on each is much lower but if the magnet takes us close to the next strike but not bend it then both positions could easily go to zero. This is a bet on volatility despite the premium already inherently baked in.