Earnings journal

TheBigShort said:
132 PEP Put avg 1.41

I think we go lower (for fundamental reasons) and ATM vol is way to cheap! Considering this is the first large company announcing this season, a $5 move is not out of the cards. PEP is also @ the top of it's range on all fundamental ratio's.

Great risk:reward!

Note* If you are selling ATM vol - the ATM implied move is 1.5x the current ATR. That is dirt cheap even for a company like PEP.
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expiration?
 
I am going to be shorting DAL vol into the close leaning a bit positive delta.
Check out the cummulative $ pnl from shorting the 30d ATMF straddle.

dal.PNG
 
Agree with the bullish bias. I had to leave today so I shorted it early.. picked 59.50 strike which was 50c above spot at the time. $1.7 credit. Might've done 60.00 if I was here at the close.

Hope it goes well for us!
 
Magic said:
Agree with the bullish bias. I had to leave today so I shorted it early.. picked 59.50 strike which was 50c above spot at the time. $1.7 credit. Might've done 60.00 if I was here at the close.

Hope it goes well for us!
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Good luck to us! I am short the 60. TBH, the 59.5 might do better as the company already released a ton of info to their investors last week. We might not get a jump at all!
 
Yeah, DAL was satisfying! Congrats on the 60 strike, depending when you got out that was nearly perfect. I ended up collecting $0.55 per
 
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