Friday, July 30, 2010

Re: [ConservativeOptionStrategies] TM spread

 

Tony,
 
I like your time spread.  What is your expectation for TM's earnings?  A miss and drop in front month IV?
 
Tim
 
In a message dated 7/30/2010 2:40:07 P.M. Pacific Daylight Time, brem1h@yahoo.com writes:
 

I am trying this spread on TM.Just made $1400 on FSLR earnings the same way. TM earnings Aug 4th. Max risk 49 cents. Hopefully front months premium goes down and stock is stable.Copied this from Schwab trades so hope it reads well.


TM 10/16/2010 70.00 C
CALL TOYOTA MOTOR ADR F $70 EXP 10/16/10
CALL TOYOTA MOTOR ADR F $70 EXP 09/18/10
TM 09/18/2010 70.00 C
Symbol Action Quantity Price Timing Time & Date (ET)
TM 10/16/2010 70.00 C  Buy Ca lls to Open 20  Contracts Debit $0.49 
(Applies to both legs)
Day Only  2:18 PM 07/30/2010
  Bought 20 $2.98
Settles on 08/02/2010
2:19 PM 07/30/2010
TM 09/18/2010 70.00 C  Sell Calls to Open 20  Contracts     2:18 PM 07/30/2010
  Sold 20 $2.50
Settles on 08/02/2010
2:19 PM 07/30/2010
Status:  CLOSED - Filled Order #: 64465761 and 64465762
________________
Anthony Hills
Hills Motors/Hills Industries
4011 Pacific Blvd
San Mateo,CA 94403.
650 573 7425
Fax 650 573 8721

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