Tonite CISCO (CSCO) is reporting earning. Expect volatility,
We use Strangle to play this volatility.
Short Nov12 16.00 Call @ $1.00
Short Nov12 17.50 PUT @ $1.00
Net Credit = $2.00
AAPL we expect shortterm uptrend. We short a naked Nov12 PUT with 3 days to expiration to capture this uptrend with Theta on our favor.
AAPL Price : 545.00
AAPL Nov12 PUT : $8.50
Short this PUT naked.