The google trade went as planned, this one did not. I wasnt in either. I did take a flyer on some 82.50 puts, but not enough of a position to make a huge difference. Just doing the opposite of what I wanted to do. Keep the picks coming.
Sold a few hundreed of Nov 500/550 strangle @ around 19 (sorry, not gonna disclose the exact size or level). Have not hedged the delta yet.
nice trade... the only problem I have with FX calls is that they are simply long or short...mostly long and it basically a stock call...NOT an options trade. All he is doing is picking a direction and saying I'm going for it, just he uses the calls instead of the stock....so I think all those kinds of calls should be in the stock forum not the options forum. It simply isn't an options "trade"
So essentially the market was predicting a gap of 30, and your bet was it would be less than (20 + premium).
UPDATE: I have entered a limit order to sell at $1.00, good till November 1, 2013. AAPL down 1.22% during AH trading, QQQ down 0.17%. QQQ 5-day chart Red dot - Bought 10 contracts 83.50 calls at $0.32