Trade: Buying the NRG Sep 22 Straddle for $.95
Risk: $95 per 1 lot
Reward: Unlimited
Notes: Paper bought 4892 NRG Sep 22 Puts for $.40 OPENING position
UPDATE 9.16.2012 With time decay is against me, these Straddles are worth $.70, but time is working against me.
UPDATE 9.21.2012 I sold all my Puts out at $.65 and and Calls expired worthless, so the Straddle was sold for $.65. Moving to the next trade.