Wednesday, January 5, 2011

Two-fer Thursday

This morning, I opened two more straddle positions in companies that report earnings tomorrow, Monsanto (MON) and Global Payments (GPN).

My investments were as follows:

(a) Monsanto (MON). I bought:

- 9 Jan 70.00 calls @ 1.37 = $1251.25
- 8 Jan 67.50 puts @ 1.68 = $1361
Total Investment: $2612.25


(b) Global Payments (GPN). I bought:

- 4 Jan 45.00 calls @ 2.00 = $812
- 8 Jan 45.00 puts @ .95 = $777
Total Investment: $1589

Monsanto reports tomorrow before the market opens, and GPN reports after the close. Stay tuned, I suppose, if you're interested.

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