Bear Stearns Plans $3.2 Billion Fund Rescue to Halt Fire Sale

Discussion in 'Wall St. News' started by ASusilovic, Jun 22, 2007.

  1. Selling 2* the 45Cs to effect another synthetic straddle; spot 142 last.
     
    #81     Jun 27, 2007
  2. It's identical to a natural straddle, long or short the same-strike call and put. I'm trading shares to leg the synthetic variant, but only if the spot-trade is profitable. I buy the strangle once the straddle is traded to effect a long butterfly.
     
    #82     Jun 27, 2007
  3. Sold at an average 3.00 on the July 45s. Current bid of 3.60. Bad timing, as I sold half the position early in the day. Looking to bid the 30/60 wings.

    I am short the July 145 straddle from ~13.00 all-in, current mark of 8.30.
     
    #83     Jun 27, 2007