I've been reading up up long strangles, straddles and butterflies and would like to hear about any recent successful trades people have made using these strategies.
I'm interested in what was happening in the underlying stock to make you decide to enter the trade, what was the premium and exercise price of the warrants or options you bought and how long the trade took to close out and at what price you closed out at.
Hope you don't mind sharing- - the strategies certainly sound promising but are still a bit academic for me at the moment. I think it would help to hear about real-life situations e.g "I bought a strangle on the XJO just before Bernarcke was due to release his interest rate decision".
It would be good also to hear about the duds!