Intuit, (INTU) Stock price peaked out shortly after placing this chicken straddle. You could have sold the Jan $50 calls for $5 dollar on Dec 9th -14th. Hope you didn't get too greedy. Now the price has fallen to the yellow signal line. Total profit on this chicken straddle taken early in Dec was over $4000, next step is cash in on the puts!

Jan 2, 2006

Intuit (INTU) Swing for the fence straddle. Total cost was $2626. Buy long Jan $55 calls and buy long Jan $42.5 puts, 33 contracts on puts and calls. This stock has 88% institutional investors controlling the price. If the stock falls below $44 could cascade downward another 10 points lower. On Dec 14^th, the Jan. $55 calls could be sold for at $1.75-$2.00, or for $6600, netting you a sweet profit of $3974, just for the calls.

Intuit (INTU) Second straddle. Buy long Jan $50 calls, and Buy long Jan $42.50 puts. Total cost for 10 contracts on put and calls = $2121

Once again, the Jan calls spiked higher with the stock price on Dec 13^th and 14^th , for a nice profit gain $5.75 to $6.00 per contract, or $5700-$6000, more than 200% gain on the cost of the straddle.

When you get a 100-200 % gain, take it, don't look back. These are for quick profits, which most of these chicken straddle have done. Next months chicken straddles will be much better!

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