I mentioned earlier that I am looking for IV rise in BAC. IV for BAC had earlier risen to 30%, then quickly dropped to 20s which is still about 5% higher than mean.
However, due to $2billion funding to CFC, I am expecting a rise in IV, for short-term period. It may not happen and [...]

Boeing (BA) recently broke-out (bullish set-up) and I am looking for an income trade that can benefit from new base as well as benefit from the upward movement.
Here is an example of a double diagonal trade:
   
This trade is:

Sell : Jul 95 Puts and 105 Calls 
Buy : Aug 90 Puts and 110 calls
Credit : $0.65
Margin Required [...]

There is an interesting income trade opportunity amidst buyout news of Dow chemical (Dow).

Sell: Dow 50 calls, 40 Puts, May
Buy: Dow 55 calls, 35 puts, September
Credit received:  $0.15 per trade
ROM: Difficult to estimate, at current IVs, it is $76 (15.6%) to $117 (24%) (per trade) by May expiration for $485 investment without considering upsides from adjustments.

This is [...]