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I use spreads when I feel that the options are too expensive compared to the expected underlying move and there's a high probability of a 100% loss. Ex. ANET is a +/-10% mover day after earnings. I expected that. I wanted to play a position within the 10% expected move with a risk ratio that was...

Took this dip as another chance to add a bit more position. I added some calls on NFLX and BA this time. My NVDA long position is too big. *Readjusted my positions. Added more NVDA Feb week4 247.5 calls, Also locked in profits in CMG calls. CMG had run up from 288 to 302 since I took the 300...

When the market wants you to get out with a profit, you've got to take it. I was looking at a loss on DE all morning. Locking in gains now on DE Feb 165 calls. CMG took another leg up this morning, pushing those 300 calls higher. BA is holding up well too, but NFLX and NVDA are lagging a bit...

A lot of things actually come into play for me to take such a position like the ANET call spread yesterday. I take into consideration what the stock did during this report last year, and how it's been trading around earnings since then. Can the gains continue like this based on the trend of its...

I expect ANET call spreads to be worthless. I added more NVDA this time using NVDA Feb wk4 247.5 calls. I was trying to get some with the expected market weakness, but that didn't happen. Also taking a potential loss on DE Feb 165 calls.

Thanks for the chart Jeff, it really felt like we were coming back to normal volatility the past 3 days, and then that surprise this morning. But, I'm sticking to earning trades again this week, and I'm just went with ANET Feb 320/330 call spread. The risk is a little more than $900.

Yes, the drop this morning is the dip I was talking about. I think it was a 200-300 point swing (I saw the DJIA at +182 and then again at -82 within 30min-1hr). Of course those type of intraday dips became common in the last 2 weeks, but this one's the odd in the sense that the wild swings have...

Added more to BA, NFLX, and NVDA calls on this dip. I'll add more if there's a deeper dip in the afternoon. I'm setting up for a full position on all 3 to hold into next week.

I locked in gains on AMAT, but took a -675 loss on UPS calls. That one hurt. Still holding JPM, but calls expire tomorrow so I'm looking for an exit. DE's report is tomorrow, so that's going to be interesting. I will more than likely hold CMG into next week to see if momentum holds. At $22K, I...

Well, the market is still showing some volatility bouncing around this morning. I've looked at some earnings play today after adding CMG calls. I picked out 2 for some earning reports this week. The first one is AMAT 50 calls with earnings due tonight. The 200-day should hold and I could see it...

I jumped into CMG Feb wk 4 $300 calls at 2.30 avg price. The new CEO has some potential here and CMG at the lows were bound to reverse. This should be a solid move over the next week. JPM is also holding up well, but those UPS are taking a hit.

There was nothing for me to add yesterday so I just held JPM and TWTR. I did close out TWTR calls today though, and I'm probably going to lock in profits on JPM too at end of day. I will also use the profits to add UPS here. The drop from 130 to 107 is deep, and I'm just looking for a quick...

Added TWTR Feb 30 calls twice today. Once on the way down and another on the way up. I also added JPM Feb 110 calls for a move next week on the banks.

Alright, calm market this morning. NVDA is all over the place so I took the opportunity to leg out of the short 245 calls in the NVDA 235/245 call spread I had. It was only 2 contracts so I added about $110 to my max loss. I need those 235 calls to break $4.10 to break even, but at this point...

Looks like I jumped out of FB and BA puts too soon. Those were set up as hedges and once I closed out TWTR, I just felt I didn't need it anymore. I am still holding the NVDA 235/245 call spread, but that beating NVDA took is going to make it hard to reach my target. I actually saw the potential...

Locked in profits of +2400 on TWTR alone. That was unexpected. The profits in SNAP was a little smaller as it started retreating at the open. Also closed out FB and BA puts right here taking a gain on FB but I got in too early on BA yesterday, and ended with a loss of -60 on that trade.

Well, I sure hope traders caught that SNAP and TWTR train, cause the reward is here. I'm going to close out my FB and BA puts as I don't need those hedges anymore. I'm also going to close out the SNAP today if it is showing me a return above 150%. Bulls make money, but pigs get slaughtered. Same...

Adding a position in SNAP Feb 19 calls today too. I like playing the overshoot on momentum and I think we should get one here.

I started hedging against my NVDA call spread. I ended up using a BA Feb wk2 347.5 put as the hedge. Then I bought TWTR 26/30 call spread ahead of earnings tomorrow. The social media stocks have had this momentum that I expect it to carry over to TWTR tomorrow. Which means TWTR doesn't need a...

It looks like today's rally comes from the industrials like BA, CAT, and MMM. Large techs are barely holding on with AMZN in the green, but AAPL, FB, GOOG, and MSFT are all red. I have readjusted back to mostly cash today locking in about +1600 in profits from the 3 AAPL calls, FB and JPM calls...