Earnings trades

Quote from IV_Trader:

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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CWTR is up 20% after report , the straddle price is tripled now
 
oh thanks makes me feel much better now ! haha
did you find that trade also or was it my tip off ;-)
I best start looking for next months trades now !
 
Quote from neilcharlton:

oh thanks makes me feel much better now ! haha
did you find that trade also or was it my tip off ;-)
I best start looking for next months trades now !
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sorry about it , Neil...No , this stock is in my universe ,this is not a first time I made money on CWTR
 
its this time of the year again... I lot of heavy hitters reporting next week , I have 17 ( lol ) long combo's positions so far. Closed SYNA with big profit on vols spike today. I will probably post a few RC candidates next week.
 
IV, interested in knowing why you think this is a reverse calendar candidate when front month IV is a lot higher than back?

Quote from IV_Trader:

IFIN ---> RC possible candidate , maybe even long APR combo into potential after report move.
Today , ac
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Quote from Hybone:

IV, interested in knowing why you think this is a reverse calendar candidate when front month IV is a lot higher than back?
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I don't think you can go by simple " lot higher" here.
APR vols was at 65 with vega of 3.3 and MAY at 45 with 6.4 , so if tomorrow vols will collapse to low 30 , then APR will lose 1.05 BUT MAY will also lose 90-95 cents. Not exactly vega neutral , but not so bad r/r to take an almost "free" shot in after report price move (if at all) , this stock moved 20%+ many times , including last qtr.
Anyway , I closed my long combos with big profit from IV spike and left only few overnight , so no RC for me here.

In both cases the bet is definitely on the big ABS move.
 
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