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Closed out WYNN puts and ADBE calls today. I'll also get out of INTC today if it can't hold $49.50. Also added NFLX Feb wk2 270 puts a little above $4 this morning. Going to test NFLX on the short side heading into next week. I think NFLX could give some of that 50pt post earning run back.

Looks like another down day to start. This is where I'll have to get out of short term position like the INTC calls. I'm also going to close out the WYNN puts I jumped into yesterday. I had a target of $160 on WYNN by Friday, but shares are already at $160 in premarket this morning. There's no...

I know this is kind of late, but AMD's earning is all over the place. It does not a have a pattern in place at all. If revenue guidance miss, it will drop. If revenue guidance beats, then you can probably expect a beat. This is one where I would use a straddle/strangle for a simple trade, or set...

Closed out LRCX and the final NFLX call today. Wow, NFLX just keeps pushing as it rallies past $280. I had to get out. Now, I'll check ADBE to see how price action moves throughout today for an exit. Some parts of the market is coming back. INTC has bounced back to $50. AMZN is also hitting new...

Looks like there are mergers every Mondays now. DPS being bought out. The market is lower in premarket, and I see all my positions are expected to be lower at the open. I'll close out the final NFLX call today, and I think I'm also going to let go of ADBE. It is showing about a 200% return and...

Yep, there's plenty of websites that will give out this data. The only issue I have is that they include any outlier. At times you'll have to do edit the numbers to remove certain outliers that can distort the data. Other than that, those sites and deriv desks will give you pretty good data on...

It's true, that's why I calculate the average of the stock's last 4-5 post earning report move to see whether the average move is higher than the straddle that will be set up. Ex. If the straddle cost 7% of the current stock price, and the stock has averaged 10% swings in its last 4-5 reports...

I went with the INTC Feb wk1 48 calls just under $2. I'll try to flip these for a 100% return by Wednesday. It's going to be tight, so I'll need some strong results from the tech sector next week too. Other than that, just watched ADBE, FB, and NFLX notch a small rally into the close with Nasdaq...

Yep, CREE reported this past Tuesday after market closed. I did not look at that report. I am actually in the process of adding INTC calls for a momentum run. I'm looking at 1-2 week expiration date where I want to see if INTC has the momentum to make a fast 3-4 day run like how it did in its...

I wasn't sure if I wanted to grab this position in LRCX (strong earning report and guidance for FY, but shares fell), but after reviewing a very good report from INTC I am in this position. I'm starting with LRCX Feb 205 call this morning and I'll see if I need to adjust higher or add more. This...

Selling puts at the 70 strike. That level is a reasonable support level, it was resistance in November. I bet Pete and Jon Najarian saw this one. The original trader took that 30K, then there were a bunch of followers adding more to it. I wouldn't put this trader as a company insider, because it...

NFLX is all over the place today. Just closed out 1 more call on the Feb wk1 260 call. Of the 4 calls I ended up with yesterday, I locked in profits on 3 of them. I can feel safe holding the last one through the weekend and just see how high NFLX will run. I was wrong about 265 and even the...

That's interesting, I'll look into that, since we've got a bit of time, and the oi is holding at 40k. But, right off the bat, I would think it's a large fund hedging his long position. If there were no other volume at other expiration or strike price to match, then he's prob long 40k puts to...

Tally so far this year. I held PYPL for nearly a month and the gain was only +394. I did make nice profits in BA and NFLX calls in early Jan when I figured I'd practically close my eyes and pick 4 trades. Picked out NFLX, BA, and AAPL Jan calls along with ADBE Feb calls. I made 2320 on NFLX...

I'll continue to hold ADBE and FB Feb calls through this potential mess. I think we might see a run up on FB ahead of earnings in about 2 weeks too. I'll know how FB mught trade once we see GOOG, AMZN, and AAPL (all of those usually report earnings before FB).

Thanks, NFLX is one of the first large cap techs to report, and that run up ahead of earnings was wild enough (I know because I locked in nice profits from that run), so I thought there might be a reversal even if earnings were good. I was wrong, momentum continued, and here I am going long...

Added NFLX on a momentum move. Using NFLX Feb week1 260 calls avg price for me was 3.40. I want to see it test $265 by next Wednesday. I think it can happen.

Took a loss on NFLX, but I'm using this as the canary in the mine. Still, I'm making more than the loss back from the rally in FB and ADBE. That ADBE pre-earning announcement is pushing shares above $200 now, and I've had quite a run on this position from $185. The ADBE Feb 185 calls were just...

NLFX reports tonight and the stock is running higher into its earning report. As much as I liked NFLX and it has given me profits, I think there's going to be a sell the news this quarter. I am taking a put position now to set up for the correction. A target of 210 is possible here.

Still holding that ADBE Feb calls, but I'm adding FB Feb calls today too. That drop in FB from $188 to $180 was clearly over done, and buyers are coming back. I expect to see $190 and higher on FB by February barring a meltdown of the market.