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fantastic action on both vola and scalps...almost ready to exit

Will post few long and reverse calendars. Holding for one day (thru earnings). Cost = 75c ( PM) Starting cash = 10,000 Trade #1 : 7 reverse calendars on UNH , 57.5 put for 1.06 credit. Cost = 525$

UNH 57.5 put reverse calendar (holding thru tom’s earnings) for 1.05 credits Atty : I will open a new thread…don’t want to trash your journal with earnings trades GL all

not sure what you are saying , new NOV is a report month ( so i hope) , straddle at 14$ and staying there ( or even going up) on the report day , imo

Agree, it may go down. But I do expect 16$ ATM again this time around on the report day Using your own last qtr info…so it was a rent free trade AND straddle gained 0.40c, correct? Hence, a very good r/r trade this time

great r/r trade : long nov LNKD combo

it was a short trade. I should heve said position gained 6$

vola is lower by 200 bp . ATM straddle gained 6$ still a short candidate but not so strong anymore

Long WFC weekly/oct atm at 8c :D Atty : I hope you don't mind me posting few trades here

It depends. If I am still in accumulating mode, I will short stock when underlying goes up and buy more options if it goes down. Vise versa for existing position. I am trading strictly events, so taking some “advantage” on skew

Start with 2 legs only. Straddles or strangles. Forget calendars because scalping is not linear there Keep it simple

scalping DITM and paying big spread ?

OP did...in his first post

low implied volatility is the key to profit ? Why ?

ATM is at 3.03 , vola is close to 50 . My cost is 2.75 by now. I will update on the report date

Depends on your risk tolerance Aggressive: short ATM straddle Conservative: sell ATM , buy wings All NOV

AAPL NOV's vola is a short now, imo Good candidate for reverse gamma scalping. Same for UTX

Yep , exactly that My bet is that ATM straddle will be at 3$ on the day of report I am already a hair below after some scalping profits

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34.5 now