Tuesday, October 28, 2014


Now that we are through (hopefully) the volatile Sept./Oct. period and into the best 3 months of the year for the markets -statistically, I put on three recent positions for the Leap Strangle.  I gave a talk last weekend to the San Francisco Bay Area Options Group on the results so far.
The concept is high yield with money brought in from both OTM (out-of-the-money) options for immediate insurance, which decay over time.
The Three trades were:

        LeapYear   #shares  stock Px Amount     Call          Put
2017 200 18.34 3677 366 490
2016 500 6.84 3426 396 187
2016 500 7.84 3929 941 1212

We shall see in the fullness of time!