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I am option investor muhahaha!! My fills are on the tape. I am mostly doing this to learn from guys like @srinir @Kevin Schmit @destriero @sle @newwurldmn I would assume they will chime in once they see the journal get more traction. For the smaller names I post, I am the only volume so you...

Out of ETFC for .62, the thing wasn't moving. Long BERY 50 straddle Feb for 3.59. It's some nice long gamma going into earnings. Having trouble finding any event trades today. Major banks priced fairly and UAL looks like it's reasonably priced as well.

I took a deeper look at UAL today, and the stock shows significant PEAD. I am going to play this one post earnings. Contemplating selling vol over the jump and hedging at 100 delta in the morning. Will keep you posted.

Out of DAL @ 3.50. Very nice winner

I cant sleep either noob! I dont see the difference in PnL between the strategy you mentioned and just being long SPY. Plus long equity will give you a nice tax break. If you are looking to do better tha buy and hold spy. You need to be able to predict something. In your case you want to be...

You have to delta hedge to realize the implied/realized premium. This comes with transaction costs and path dependency (not so easy anymore). Otherwise your taking a bet on the terminal distribution. In many cases the index can drift with low volatility far far beyond your upside strike...

I of course check the company news as well. ISRG straddle was insanely cheap today, earnings next week. But they announced preliminary quarterly results, so I did not end up taking the trade

Past moves, Past Implied Move/Actual Move, How much are similar companies moving, How the company reacts to surprises, 10 Day realized vol, Earning dispersion and Seasonality are all the variables I look at for an event trade. For a pre event trade (close position before earnings) I only look...

DAL fill 43/48/53 call FLY for 2.90. MS fill 38/42.5/47 FLY for 2.81. Closed out rest of C for break even 2.65(ran away from me)

@srinir DAL guidence is 1.275. DAL beat guidance last 4/4. Estimate is 1.271. It also has a Surprise ~ Price reaction correlation of .72. I am going to be leaning long deltas on my fly.

Just got long SYK FEB 160 straddle for 8.71. There is not to much alpha in this one but I need some long gamma and I have the straddle priced at 9.22. Earnings in 11 Bus days (closing before then). I will be shorting vol on DAL into the close, they have a steady jump of 2% over the past 6...

Interesting play. UAL looks pretty cheap on my radar. It's implying a 5% move. It's only moved less than that once in the past 7 earnings. But it looks like implied move has been contracting over the past few days. I might get long a straddle tomorrow.

Out of GS for $8 +5% on debit.

Closed: C 52/57/63 butterflies for 3.05. Return on debit of +16.5. Looking at a few other trades today. Will update Edit** Just got filled on 1, still holding a few and will notify when it hits the tape

Matt is probably in bed right now and I am currently working on something (could use a much speedier answer). If we take a look at the days to expiration for the first month on AAPL or MSFT, ORATS has the difference between Jan 11 and Jan 18 (expiration date) as 9 days. From an email I have...

I will also note all of my trades are on US or Canadian exchanges, however one of my goals this year us to get involved in earnings trades both in Asia and Europe. Does anyone have experience?

What do you guys think about an earnings journal? I trade quite alot of these and would like to hear some ideas from you guys! Two main strategies are: Buying/selling straddles/butterflies right before earnings to take a view on implied vs realized event vol. Buying/selling...

This is not always true. Some professors for example, could make a lot more money full time at private institutions. Some people have a passion for teaching. There are also a ton of perks to teaching. Low stress, the amazing feeling of seeing a mentee become successful, talking about what you...

I used to use garman alot until a poster here corrected me. 100% agree with you yang zhang is the best out of the box estimator! And definetely best used for equities. However when you have a process that does not have opening jumps, I do not see a need to use yang.zhang. I have not tested the...

it depends on what your trading. For products that are not continuous (equities) you should use yang zhang. For products that are continuous (fx, futures) you should use garman.klass. Many programming languages have packages that will do this for you. However if you are looking for just the...