bot +2 PUT butterflies 240/230/220 @.73 debit (mark 257.95)
bot +1 CALL butterfly 260/270/280 @1.05 debit
butterly strangle of sorts, play on earnings.
Will be interesting flat delta and vega with + 17 theta going into earnings.
Expiration in 2 days.
2/15/08
had to close it down on expiration for a loss, finished up in the middle of my money pyramids. Realized about a 50% loss.
Theta and vega did work for me but only if price was in my 2 profit ranges...
I would try this trade again!
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