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Does anyone no why WFC is down 5% in 15 min?

Just a small preference. The PnL at the peak of the the fly EOD was higher than the 121 and it had initial negative deltas. Getting hit right now. was up 20 cents until WFC just started on a Flash crash. Cant escape! Nice trade dude. The thing didnt even gap

In on the WFC 132C 44.5/48.5/50.5 April 18 FLY for 2.45. Looking to get 4 vol points out of this by end of day.

What's the training like to climb these mountains, I could imagine you have to be in better shape than most proffesional athletes. For someone who is in the office for 12 hours a day, how do you keep your body in that kind of condition?

LOL I spent like 45 minutes doing research on this company.. only to now look at the price of the stock.... sorry guys its only 11$ forget it. That's embarrasing

@srinir Tomorrow our earnings season starts! Financials start Friday morning with JPM/PNC/WFC. I don't see any edge selling vol here. INFY is on my short vol radar! ImpMv is much higher than avg move last 6 quarters. Here is some fundamental research from Bloomberg. It looks like INFY are...

Last year I sold a straddle @ 19 on BBBY, stock opened at $13. Good Luck with this one bud!

Only 2 companies on my screen FAST and APOG. I have no opinion on them. Does anyone have any insight? The trade was there for the first 20 minutes (I was busy this morning). I wonder if Neww got a good fill. But the stock really only traded above 62.5 after 9:50. Thats unfortuante on the YY...

Yea I got a slightly worse fill. It looks like 10 60 straddles were bought for under $3 before 9.45. I think the best way to trade these it to put a limit order in right in the morning (if there is no gap like in PSMT). We should have made +$1.5 on this trade! But yea, horrendous liquidity

I am not much of a price action guy, but on my screen TWTR hasn't had a down day in the past 10 days. Could you elaborate on what type of price action would help you confirm the positive surprise?

Magic as in Magic Mike? Still waiting for MM #4 to come out! You will realize most of the pnl where your max gamma is (assuming you are hedging)So if your max gamma is lower than spot and we realize more vol below spot then there should be a higher IV. Hence the reason for the smile. I think...

Looks like no gap on PSMT. Well done guys. Vol should drop to 33-38 range in the morning.

Could you explain what you think will happen and what final position you are trying to get into before the event?

Looks like we are in REALLY good shape here guys!! Stock @ 58 (earnings call should be a non-event) Your like those bad signal services that tell you the trade after the close :p. Thanks for the heads up, those look JUICY!!

https://www.prnewswire.com/news-releases/pricesmart-announces-fiscal-2019-second-quarter-operating-results-300828340.html numbers are out

Nice! I dont know what happened to @newwurldmn fill of 4.55. He must be trading size

LOL I mean I got the methodology from you! :p Good luck!

Yea I got the idea from you! No hard Earnings Numbers but a ton of detail about their comps/sales and other news effecting their business this quarter. Below are 2 snippets from articles. One released on March 7th for February. And One released last week for March. PriceSmart Announces...

If anyone want's to take a look, PSMT is releasing earnings tn and they have already announced Jan-March results. I am short the 50/60 60/70 @ 5.20 risk. So you sell options as a directional bet prior to earnings? You should join this journal as we kick off earnings season soon

Whats the problem with this chart? It looks fine to me. Don't forget you get 9$ of cash once the deal is complete. Edit** what do you think is wrong here?