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Advanced Emissions Solutions, Inc. Message Board

  • gorakrishna gorakrishna Oct 19, 2012 5:17 PM Flag


    I took advantage of this volatility.

    Sold Apr'13 $20 Puts and Bought Apr'13 $20 Calls. Even though we are trading about halfway in between, there was an upside bias implied, so I ended up paying a premium of about $0.20 per underlying share.

    Basically, it means that if we are trading at or above $20.20 on the third Friday of April, then I will be in the positive on this trade.


    Sentiment: Buy

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