Trade: Sold FFIV May 12 120/115 Credit Put Spread

5/15/12
Rolled these spreads down and out to June.  Also formed an iron condor to help pay for the roll.  See the details here.

Trade:
BTC FFIV May 12 120/115 put spreads for ($0.61-$0.15) x 100 x 5 spreads = $230 paid vs. $225 received = $5 loss

4/19/12
F5 Networks (FFIV) gapped up after beating earnings yesterday.  Now it looks to be back in the long-term trading range it recently fell out of.  Not playing this exact range per se, but definitely using it as support.  Also using the 50-day sma and pre-earnings low to shoot against.  OptionsHouse says there is an 88.9% probability of achieving max profit.  The $225 premium received represents a 9% ROI.

Trade:
Sold FFIV May 12 120/115 put spreads for ($1.02-$0.57) x 100 x 5 spreads = $225 premium received