Seems like easy money

While doing some research with the option scanner at Trade King I did some quick research on IIG. It has big volatility and looks like it is in for some bad news. They have an earnings release on February 6.

So I bought a Feb25 put. This is not what my strategy is for this account, but it seems like a no brainer. Will know in a couple of weeks whether I have a brain!

Depending on what happens next week, I may still be able to buy the stock, sell a call and lock in a bunch of time premium. I haven’t quite worked out the math yet.

From my years in Las Vegas this would be like trying to take the middle when betting on a game.

Here’s to easy money!


One Response to “Seems like easy money”

  1. iMpeded iMergent | 31 Contracts Says:

    […] over at Learning Covered Calls calls our attention to iMergent (IIG), a “leading eServices Provider helping small businesses […]

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