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OptionsXpress (OXPS) NOV $30 Iron Butterfly Options

By xcalibus

Shares of OptionsXpress (NASD: OXPS) appears to be trading at the $30 resistance level. Both the November at-the-money calls and puts are currently $0.80 a piece.

With less than 10 trading days to go before options expiry, the time decay on these options is at its highest now.

Going to enter an iron butterfly spread with strikes at 27.5 – 30 – 32.5

Wish me luck!!

This entry was posted on November 2, 2006 at 4:11 pm and is filed under Futures & Options Tips, Options, Options Trading, Options and Futures, Stock Options, Stock Trading, Trading. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

No Responses to “OptionsXpress (OXPS) NOV $30 Iron Butterfly Options”

  1. Early Exit for OXPS Iron Butterfly « Trading Options Says:
    November 15, 2006 at 5:35 am

    [...] Two weeks ago, I entered an iron butterfly spread on OptionsXpress (OXPS) with the middle strike at $30. As of yesterday, I thought the best I could muster will be to breakeven on this one coz OXPS was trading at $28 and only a few trading days remain before the November options expire. [...]

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