Earnings journal

oldmonk said:
I got filled on the 17.5/21/24.5 iron butterfly on SYMC for 1.88 cr. It's got a ~10% breakeven range. Decided against CVX in the end. The straddle premium on that has gone down since I last posted. The only one that looks cheap today is AMZN, but I'm not trading that.
More...
Thanks for mention of SYMC it slipped under my radar(less than $25), its expensive relative to past moves but one of my indicators are flashing a strong buy! I hope this works out for you
 
TheBigShort said:
Finding alot of cheap stuff today
Long straddles: MCK(filled 6.12), BERY(filled 3.00), ITW(working),FBHS(working). AMZN is very cheap in my opinion. But as @srinir mentioned it's to big a monster.

Short straddles: Epay(working), Deck(working), Sigi(working).
Will post screen shot of fills at close
More...
Most of those got filtered out of my screen because of the spreads and/or the lack of weekly options.
 
No liquidity in the wings of deck or epay so no fill.
Long straddles only today
straddles.JPG
 
TheBigShort said:
That TSLAcould not have gone better for you! Was there a specific reason for taking that trade?
More...

Nothing specific other than it was cheaper compared to historic open gap (I weigh Open gap move and EOD move since i close earlier in the day) and past expected move avg. My projected open gap $16.48 way lesser compared to my expected move of $26.47.

FB was also less (not as much as TSLA), so YMMV.
 
hey guys, I have been busy with working on a database this week, only did 2 trades all week, I will most likely not be trading often until I am near close to finishing it. But I noticed an HD trade that looks pretty juicy. short Feb22/Mar1 calendar. Feb22 vol is 18% and Mar1 is 27.2% This puts the expected move at 4.3% which is extremely expensive. Current 185 short calendar is marked at $2.3. Here is the last 10 moves for HD.
It hasn't even moved close to 4.3%. Vol will most likely come in before earnings



-0.24%
-0.54%
-1.62%
-0.14%
1.64%
-2.65%
0.59%
1.41%
-2.56%
-0.61%
-2.47%
 
You must log in or register to reply here.
Back
Top