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October 28, 2014 at 11:25 am
#2108
Steven Place
Keymaster
105 is hit, we are adding to this:
Buy to open CELG Dec/Jan 105 put calendar for 1.25 or lower.
Trade is looking good so far, the main risk is see is if the IV drops. 30 day IV is sitting right around 30%, and the lows in Aug are at 25%. So if we see a 5% drop then we could be in a trade that doesn’t have the best profit potential.
I’ll add a 3rd round of calendars at 110