Friday, October 19, 2007

Straddle for earnings, Part 6 - YHOO and ETFC reported

A week ago, I wrote about getting straddles in YHOO and ETFC. However, I only managed to get a small straddle in YHOO. Here are my results for my YHOO straddle:



Yes... although YHOO regained shareholders' trusts and shot up 10% to around $29 after reporting, the straddle actually lost $200 right away. After a few days at Oct expiration day, I just got out breaking even. Here are the chart and value from today's end:




ETFC stocks dropped more than 15% after it reported this week. If you compared to chart last week, if I bought at Jan $14 straddle at $3, today the value is $4. Could've made a quick $1. :)



Next week, I am waiting for AMZN, which is reporting Tuesday night.

Should I get some CROX as well? :)

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