Showing posts with label CSTR. Show all posts
Showing posts with label CSTR. Show all posts

Monday, March 14, 2011

Trade of the Day: Coinstar Straddle Sale



An interesting trade today in Coinstar, ticker CSTR. A trader sold April $42 straddles @ $5.15 2700x with the stock at $42.67. The trader sold an IV of approximately 51.5% and is counting on CSTR not moving more than $5.15 between now and expiration. A curious conclusion (IMO) given that the stock has recently experienced some serious volatility!