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Friday, July 22, 2005

Update 5: Live Action: Sandisk (SNDK) straddle

Huh, busy morning... SNDK spiked up very nicely and hit even $32.81.

I closed most of the SNDK options position.

I sold the calls with $5.00 and half of the puts with $0.15. Therefore, I got $5.15 in total, which is 27.16% more than I paid ($4.05).

I am still holding half of the puts. So, I may still get some more money out of the position.

See also:
Update 4: Live Action: Sandisk (SNDK) straddle
Live Action: Sandisk (SNDK) straddle