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In the same vein of the AAPL weekly trades, I just SOLD the weekly GOOG: 650/655/705/710 for 0.52. Again, PLEASE go read my other posts about these trades to understand the risk involved, the position sizing I use, and so forth before entering. Yes, I've had about 50 of these in a row give me 20-50% returns in three to five days. But I also have had 3 in the last year hit a 55% loss, a 60% loss, and a 90% loss. I've also had about 10 trades that very between -5% to +5%. That's still a very nice positive rate of return, but only with appropriate management. Do not post to me in anger if you lose 90% twice in a row on these weekly condor trades -- it happens, and if you can't position size accordingly, and risk manage accordingly, DONT DO THEM. I don't mean to be harsh, but I want everyone to be well aware of the risks involved. Yes, they profit well over 90% of the time, but those times they dont......ouch.

One other comment, if you are trading these short condors, it is always a VERY good idea to have some sort of long gamma play on, so you can profit from a sudden move in the overall market (thus part of the reason I kept my SPY straddle open). I also need to clarify: When I say return 50% in three days -- that's not really accurate, as that's not on margin. If I earn "50%" on this trade, so I get to sell at .26, that's really only a 5.2% return on margin. When I say 90% loss -- I mean a 90% loss on margin. So if you have a $10K investment, you make $520 (or up to $1,040 if you let it expire). You stand to lose up to $9,000.00.