Make Money Even When the Market is a Turnip | PowerOptions Web Log
The expression “you can’t squeeze blood out of a turnip” refers to not being able to get something out of someone that they don’t have. Stock option trading can often feel like trying to squeeze blood from a turnip. However, with a little effort and some patience it is possible to squeeze blood from the stock option market. For example, the PowerOptionsApplied Chromium TradeFolio TM was considering the following iron condor trade on 8/28/2009 for the SPX index: Sign up now for PowerOptions 14-day free trial . Buy To Open Put Sell To Open Put Sell To Open Call Buy To Open Call . SXBUB (SEP 910) SXBUD (SEP 920) SPTIE (SEP 1125) SPTIG (SEP 1135) Bid/Ask $1.30/1.60 $1.60/1.90 $0.55/0.65 $0.30/0.60 The market prices of the options for this iron condor would be the ask price for the two long stock options and the bid price for the two short...
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