The past 12 hours have been just about the busiest of my life…so the detailed straddle/strangle trade strategy post has been delayed until later tonight.  Right now there’s only time for a quick update:

DP Sells:

• Closed out (CROX: 4.15 -2.12%) & (HANS: 27.48 +0.04%) straddles, selling the losing legs at the open & the winning legs a bit later, to lock in profits in both.
• Sold the calls from the (CELG: 69.30 -0.99%), (CSCO: 24.05 -2.47%), (OMG: 37.10 +5.94%) straddles.

DP Buys:

• Took a small position in (BBBY: 30.66 -0.68%) calls, anticipating a hold of support @ $32-32.50.
• Puts in (MER: 28.35 +3.02%), (XL: 20.10 +0.20%).  Death to financials!
• One more round of earnings:  straddle in (AIG: 21.49 -0.09%), strangles in (NVDA: 12.64 -3.81%), (PCLN: 92.98 -3.14%), (TRLG: 27.15 -0.22%)-(best jeans ever!).

QUICK NOTE:  I’ve been on fire with earnings this week (after picking several duds last week).  AIG, CROX, HANS, PCLN, OMG all with 10%+ moves…easy money!