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RE: The Greg Bananarino "truth in disclosure" trade log
Bananarino now "straddlin" FB again after posting last weeks loss. He went with FB Sept expiry $150's.
https://www.traderschoice.net/money-page--stock-picks.html
The days range is 8.25 to 9.00 for the Sept $150 calls and 4.89-5.85 for the Sept 150 puts.
He entered after the high was set so the price he paid will be pretty close to current pricing. 8.35 for the call contract and 5.35 for the puts, 1 contract on each side since he is giving no disclosure how to weight the trade.
6/22/17 Update: Bananrino closed the FB Sept $150 straddle out today. The days range on teh calls for Sept is 8.70 to 9.60 currently at 9.00. There wasn't that much volatility in FB today so the current prices are fair to use. FB $150 puts for Sept 16th at at 4.65. So on this trade Bananrino made $65 on his call contract and lost $70 x 2 on the 2 put contrracts he paid 5.35 each for...so this trade costs him $75. Overall, betwixt the Q's straddle and this FB straddle he made $100. Again, not exactly killing it as he suggests he is doing. The FB trade was a loser. My trade against his straddle is still open via my FB July 7th expiry $150 puts, which I would still hold at this point.
http://bigcharts.marketwatch.com/advchart/frames/frames.asp?show=&insttype=&symb=fb&x=58&y=21&time=18&startdate=1%2F4%2F1999&enddate=6%2F12%2F2017&freq=7&compidx=aaaaa%3A0&comptemptext=&comp=none&ma=0&maval=9&uf=0&lf=1024&lf2=2&lf3=8&type=2&style=320&size=4&timeFrameToggle=false&compareToToggle=false&indicatorsToggle=false&chartStyleToggle=false&state=11