Earnings trades

Quote from neilcharlton:

Nice more chance for your combo to go into profit tomorrow then .
I take it you've got standles ATM on both PCLN and Webx they both moved quite a bit at last EPS i see.
Have you sold any march / april combos on any of them looking for a drop in vol ?

thats a graph of options with 30 days till exp . is there and sites where i can get a 60 day vol chart ?
http://www.ivolatility.com/options.j?ticker=WEBX:NASDAQ&R=1&period=12&chart=2&vct=

to compare ?
cheers
neil
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Neil , its not so simple as its looks...
I will close WEBX position today (almost did) and will NOT reverse it to short combo to go for iv crash after the earnings. Maybe I will put a reverse calendar (depends what the FEB to MAR vols ratio will be tomorrow).
PCLN didn't start the run yet (but it will)
 
Quote from IV_Trader:

I will close WEBX position today (almost did) and will NOT reverse it to short combo to go for iv crash after the earnings.
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hi IV_Trader - great work on the trades - i am wondering if you are delta neutral with this structure on WEBX or this position looks like (slightly) negative delta? - also if you are or were delta neutral, since you are long "cheap" gamma, would it make sense to see if there is a knee-jerk reaction on the earnings tomorrow and get out then, just before/as IV starts to fall, rather than close today? thx.
 
Quote from fader:

hi IV_Trader - great work on the trades - i am wondering if you are delta neutral with this structure on WEBX or this position looks like (slightly) negative delta? - also if you are or were delta neutral, since you are long "cheap" gamma, would it make sense to see if there is a knee-jerk reaction on the earnings tomorrow and get out then, just before/as IV starts to fall, rather than close today? thx.
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it was just a random screen shot , I did adjust delta later.
Sometimes I do go long into the earnings , but not in this case ; I made very good on WEBX and will move on to others.
 
hi IV ,
you normally take positions with less than 10 days before option expiry and an EPS announcement within that 10 day time period .
can i ask why in plcn and webx you decieded that greater than 10 days before exp was still a good trade ?

cheers
neil
 
trades i'm looking at for this month :
CLHB
PSTI
CWTR
MIK
WIND
GTI
VTIV
WFII
JILL
JUPM

not had time to look at the vols' and volume info , but hopefully i can do some research this week .
 
Quote from neilcharlton:

trades i'm looking at for this month :
CLHB
PSTI
CWTR
MIK
WIND
GTI
VTIV
WFII
JILL
JUPM

not had time to look at the vols' and volume info , but hopefully i can do some research this week .
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go with volume filter first (average min 2k contracts a day) ; only a few tickers from your list will pass it.
 
Quote from neilcharlton:

well a grand total of zero tickers passed the 2k a day volume test :-(
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LOL.
But I actually took position (long combo) on CWTR , not bad volume and spread is 5/10 cents. You also missed some good volume stocks that reported after your post (MATK , MYOG , LIFC)
 
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