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7/30 week (potential) large movers; GMCR, LNKD
- Thread starter pikerforlife
- Start date
lesson learned, i'll wait until the day before earning before putting on these positions, or, get much better at trading in and out of flies/spreads.
with LNKD sitting at $92/$93 earlier, right at the center of my low fly 90/92.5/95, and with the implied move still at $10-$11, i picked up a 95/100/105/110 condor, which would have been the trade had i waited until today to make the earnings play rather than jumping the gun on where support would be found during the week. of course, i'm sure the stock will fall right in the sweet spot of $95-$99 to still put me out of the money at opex, but sub $95, i'd still be happy.
we shall see what the mess becomes tomorrow.
same with GMCR, still waiting, though i could have flattened the trade break even closing the 20/21/22 fly today, i'm going to hold it for tomorrow.
did pick up the GMCR $23/$24 spread for a dime back on monday, sold today, but that directional trade was not part of the 'unbiased' experiment here for opex based off the implied move. still, helped paid for the flies, but could have easily gone the other way.
with LNKD sitting at $92/$93 earlier, right at the center of my low fly 90/92.5/95, and with the implied move still at $10-$11, i picked up a 95/100/105/110 condor, which would have been the trade had i waited until today to make the earnings play rather than jumping the gun on where support would be found during the week. of course, i'm sure the stock will fall right in the sweet spot of $95-$99 to still put me out of the money at opex, but sub $95, i'd still be happy.
we shall see what the mess becomes tomorrow.
same with GMCR, still waiting, though i could have flattened the trade break even closing the 20/21/22 fly today, i'm going to hold it for tomorrow.
did pick up the GMCR $23/$24 spread for a dime back on monday, sold today, but that directional trade was not part of the 'unbiased' experiment here for opex based off the implied move. still, helped paid for the flies, but could have easily gone the other way.
well... my short calender didn't work out...
+SLD 2 LNKD - AUG 03 '12 + AUG 17 '12 115 Call Calendar Spread 0.58 USD SMART
-BOT 2 LNKD - AUG 03 '12 + AUG 17 '12 115 Call Calendar Spread 1.88 USD SMART
as you can see... i sold it for .58 bought it back for 1.88
260 dollar lost.. PANG...
+SLD 2 LNKD - AUG 03 '12 + AUG 17 '12 115 Call Calendar Spread 0.58 USD SMART
-BOT 2 LNKD - AUG 03 '12 + AUG 17 '12 115 Call Calendar Spread 1.88 USD SMART
as you can see... i sold it for .58 bought it back for 1.88
260 dollar lost.. PANG...
this doesn't make me feel much better but..
+ BOT 2 AAPL AUG 03 '12 + 620 Call + 615 Put Strangle 0.11 USD SMART 15:27:55 OptTrader 3.24 null
SLD 2 AAPL AUG 03 '12 615 Put Option 0.35 USD CBOE 15:38:54 OptTrader 1.52 null
entered at .11 the strangle at 3:27
exited only the profitable side at 3:38 for .35 cents
+ BOT 2 AAPL AUG 03 '12 + 620 Call + 615 Put Strangle 0.11 USD SMART 15:27:55 OptTrader 3.24 null
SLD 2 AAPL AUG 03 '12 615 Put Option 0.35 USD CBOE 15:38:54 OptTrader 1.52 null
entered at .11 the strangle at 3:27
exited only the profitable side at 3:38 for .35 cents