Earnings Next Week - The Four Horsemen

[OptionGuru]

• Bought 5 QQQ July 29 115.50 calls at $0.21

Sold-to-close 5 QQQ July 29 115.50 calls at $0.06
The FB 130.00 call will expire worthless.


Email order fill confirmation:

• Order B517874 Outstanding Quantity: 0
• 2016-07-29 10:27:24 ET SOLD 5 CALL QQQ 2016JUL29 115.50:US at $0.06 USD

 

[atrp2biz]

Short GOOGL Jul29 740/805 strangle for $15.20 credit. I also have another slightly bearish position on GOOGL in the regular August expiry which is why my strangle is slightly skewed to the upside.

Bought back the call leg of the short straddle for $0.50. I'll just let the put expire.

 

[donnap]

Bought back the call leg of the short straddle for $0.50. I'll just let the put expire.

Nice trade, nice close!

I wouldn't have taken that trade, but good job.

 

[ironchef]

Bought back the call leg of the short straddle for $0.50. I'll just let the put expire.

Nice trade, nice close!

I wouldn't have taken that trade, but good job.

I am impressed. Give me another trading angle to think about.

 

[ironchef]

Sold-to-close 1 102.00 July 29 call at $2.11.

Email order fill confirmation:

• Order B455609 Outstanding Quantity: 0
• 2016-07-27 09:32:03 ET SOLD 1 CALL AAPL 2016JUL29 102.00:US at $2.11 USD

IMO ..... The premiums are cheap for the AAPL July 29, 2016 102.00 calls. 2% OTM for only $1.15 going into earnings and 7 days to expiry.


EDIT ...... The July 29 100.00 ATM straddle is $4.14. The MM's expect AAPL to be about $104.00 or $96.00 when the market closes on July 29.

Click for more info on ATM Straddles.

Guru,

I am very impressed with your read of the situation, especially the one about MM's expectation.

 

[Kibitzer]

Bought back the call leg of the short straddle for $0.50. I'll just let the put expire.

I expressed limited move with a butterfly; shorting strangles into earnings is not my style either. But nice job!

 

[Kim Klaiman]

AMZN had the smallest move in probably 10 years, which proves how unpredictable earnings can be. They usually exceed the implied move - obviously not this time.

 

[Zestilio]

AMZN had the smallest move in probably 10 years, which proves how unpredictable earnings can be. They usually exceed the implied move - obviously not this time.

Wow, it actually managed to move in such a way as to screw up both bears and bulls. Markets never stop amusing me