Free Strangle Trades
Here are a couple of Free Trades from a newsletter that I publish. Please do not be tempted to use real money on these, but rather trade these in the simulator for practice until you get the hang of it doing strangles.
There could be a bit more back and forth volatility this week as the market reacts to the Feds decision. With this in mind we won't open any directional trades, but instead we will be looking at two earnings strangles to enter.
1. RIMM announces on 9/25 It has gapped 5%+ the last 3 out of 4 earnings.
Enter a Strangle Buy the $90 Oct. Put and the $115 Oct. Call with a limit order for $765.
Exit after the announcement. Use a 25% stop loss
JBL announces on 9/26. It has gapped 5% + the last 3 out of 4 earnings. Enter a Strangle Buy the $10 Oct. Put and the $12.50 Oct. Call with a limit order for $105. Exit after the announcement. Use a 25% stop loss
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