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Options are a lot more riskier than stocks, no exceptions. Can you post an option position that is less riskier - "more safe" - than a stock position? :)

INTC ended the week at $32.75 IMO ........ That's very good for the position you posted in the OP. The credit for the short Oct16 32.00 straddle was $1.40 and could be closed at $0.79 - you keep $0.61. The long Nov06 32.00 straddle would still be open. So far the goals have been achieved - you...

Once a tech high-flier crashes I don't think they ever have come back. I cannot think of an exception. :)

Yes .... As in these two Debit Spreads RabidTrader posted about. :)

Also by looking at the bid/ask and the price of the transaction you can see if it was selling or buying. But I'm not 100% sure. Sold 42,816 AMD Oct16 2.00 puts at $0.08 (bid/ask 0.08/0.11) Bought 23,961 ABEV Nov20 5.00 calls at $0.25 (bid/ask 0.10/0.25) :)

I would go with the 215.00 calls at $0.58, SPY yearly high was $213.78. If SPY hits $225 that would be about 1600% gain. :)

Here is the credit for a short October 16 NFLX 111/110 strangle if it was opened at market close today. NFLX at $110.23 Sell 111.00 call at $6.55 Sell 110.00 put at $6.55 Total credit $13.10 :)

As of now that is correct, NFLX down -2.73%. Small move for a high-flying tech stock during earnings. Let's see what tomorrow brings :)

Looking good so far. INTC down only 2.78% AH, lets see what the rest of the week brings. :)

I would think the best time to enter this type of trade is on the day of earnings - in this case Tuesday October 13. :)

EliteTraderNYC .......... Could you post the results of the INTC trade from open to close? Paper trade or real trade doesn't matter - I find it very educational when trade ideas are tracked to expiry. :)

My assumption is cheap November straddle. Sell high IV due to earnings and buy lower IV. :)

INTC: $32.21 Earnings: Tuesday October 13 Total debit: $0.62 INTC target price by November 06: Greater than $32.62 OR less than $31.38 Looks OK to me. :)

I think it was Q3 last year that NFLX jumped about +10% after earnings in AH trading only to see it reverse to about -10% by the end of the following day. Usually those big AH gains or losses are carried over to the next day. :)

I'm sure the OP has a basic understanding of options and is well aware that the SPY could gap up or down during the after-hour market. This could work for him or against him - I don't think he needs to be bottle fed on the matter. Yes that is correct. My post was in reply to promagma's post...

ES Futures Unlimited loss. If stops are used then you run the risk of being stopped out, locking in a loss - any reversal will be without you. SPY Options Limited loss, unlimited gain. More bang for the buck than futures. Can't get stopped out early. :)

NFLX could hit $140.00+ after earnings. I have my eye on the October 16 130.00 calls. NFLX 1-Year Chart :)

Only in his fantasies. :)

Good to see NFLX pull back a bit today. Yearly high is $130.00. I'm interested in the October 16 130.00 calls. Buy on Wednesday for $2.00 or less. Actual strike and price will depend on what happens before earnings. :)

If you don't want them to be exercised I would exit the positions myself - unload them at the bid before the market closes. :)