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Markets are in volatile times and unless something exceptional occurs, I don’t expect markets to move much till Sept 18th FOMc announcement.
I am fully on-board for my Sept portfolio and will soon start looking for October picks. Here are couple of ideas that I thought might be worth sharing. I may [...]

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To update those who have been following BAC income trade, I closed it today as I don’t want to give “kool” profits back to Mr Market. For the whole sequence of transactions, you can follow-up here. There were no adjustment needed as IV had risen as predicted and stock didn’t move [...]

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 [...]

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I mentioned about CFC for bearish play y’day and also sent an alert to registered users advising to book profit at the opening.  Here was the trade:

Opened 27.5/30 bearish call spread (Aug) y’day for $0.45 credit (mentioned this to registered users)
Bot individually back for $0.05. Net profit $0.40 on $2.05 investment
Overall profit 19.5% per [...]

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Keep an eye on CFC as it drifts lower, slowly towards 23.5, it’s 52wk low. There are a few ways to play this underlying.

Straight put (I lost on that the very first time I talked about this)
Bear call spread, the losses are limited (you may choose to open Aug 27.5/30 bear [...]