OCT

3rd Update Nov3rd 2011 at 1:40pm: HANS reports Q3 earnings tonight after the close.  The options market is implying about an 8.5% move vs the 4 qtr average move of about 5.5%.    Last week I …

2nd Update Oct 25th 2:44pm:  With the stock down 7.5% today at ~$85 without any news, Update Oct 4th 2011: I sold half of this spread at 1.75, paid 1.00 (read here) Original Post Sept …

4th Update Oct 20th at 10:23am: With the stock down a just little today I am closing the balance of this position at 7.20 vs the stock at ~397.50 I paid 3.30, made .70 on the 390 …

3rd Update Oct 29th at 11am: with stock now up 2% from the morning lows at 406.50 I am covering the Oct 390 Puts that I am short at .60 and will leave the Oct …

5th Update, Oct, 14th 2011: With the stock at 416.50 the butterfly can be sold at 3.10. (paid 1.60) I am less comfortable staying long into the print after the stock’s 15% rally in the …

4th Update, Oct 12th 2011: There were two trades mentioned in the original post. We’ve taken off the call spread as the risk reward of staying long got to a point where it made sense …