MAY bidu butterflys

4/24/08
placed 3 butterflys on Bidu for earnings lottery ticket.
placed one ATM and the other two butterflys at the expected price move up/down.

total debit: 1.75

4/25/08
earnings came out and price is at my B/E point for the ATM buterfly (mark 358)
b/c the butterfly is flat vega my position wasn't subject to the deflating of IV's.

APR08 income trade results (+$368 / +9%)

APR 08 income trades result in +$368 cash flow or 9% ror.
4 total income trades, 3 wins, 1 loss.

APR Rimm earnings spec play (-max loss)

pic on right shows the IV readout for the options b/f earnings.
Goal Post trade on Rimm earnings.
immune to IV risk and playing the 10% rule for earnings. Placed at strong resistance and strong support so hopefully it will hover around these #'s close to expiration.
Looking to net a 100% return on this one.
4/3/08
day after earnings, RIMM got a kick up but only about 6% or 6-7points to 123. Bringing it closer to my 130 butterfly. The crush in IV for the shorts was about 24 points of IV per each short 100 and 130 strikes. But the beauty of it is this postion is still unaffected by the IV crush, still a very sane trade and in a good postion to profit as we approach APR expiry.
4/18/08
expiration day rally, but not enough, basically realized max loss minus .33 salvage value from the 125/130/135 CALL butterfly