My option trades

Long a few 195/210/225 flies for AMZN. I'm betting the e-commerce industry is good right now..

THAT and the EPS expected is a mere 7 cents compared to several multiples of that every other time before this... I'm sure they can beat that...

let's see. If I lose, it's nothing I can't handle... If I win, it'll be nice change to spend an upcoming bachelors party..

Here's to Ganesh and Jesus atticus
 
Quote from babutime:

Long a few 195/210/225 flies for AMZN. I'm betting the e-commerce industry is good right now..

THAT and the EPS expected is a mere 7 cents compared to several multiples of that every other time before this... I'm sure they can beat that...

let's see. If I lose, it's nothing I can't handle... If I win, it'll be nice change to spend an upcoming bachelors party..

Here's to Ganesh and Jesus atticus

BBG is showing an EPS consensus of $0.39.
 
This was a classic black swan... It moved more than twice the straddle value pre-earnings.. nobody thunk it!

the straddle sellers are just shitting their pants.. if you sold it, you're at approx a $1700 loss per straddle...

YIKES!!!

But I'm genuinely concerned for flipside21... he had a 18000 running loss because he dumped most of his account into SPY puts- which, according to him, and if true actually amounted to $90,000 trade!!!

He probably lost more today if he didn't close out and take a loss...

He needs Ganesh!
 
Quote from babutime:

But I'm genuinely concerned for flipside21... he had a 18000 running loss because he dumped most of his account into SPY puts- which, according to him, and if true actually amounted to $90,000 trade!!!

He probably lost more today if he didn't close out and take a loss...

He needs Ganesh! [/B]
Thank you for your concern.
I am hurting bad, down $46,442 on this trade in 2 days.
I have some bad qualities when it comes to trading: excessive position sizing and difficulty in getting out of bad trades, but I'm holding on to this one. Futures pointing down on Spain downgrade.
 
So an update...

I only lost around $500.. I had a really wide IC in SBUX which I closed soon upon market open... so that helped a little.

For the IC, here's a snapshot of my attempts at givin the market makers a bit of a chuckle this morning:

attachment.php
 

Attachments

Quote from flipside21:

Thank you for your concern.
I am hurting bad, down $46,442 on this trade in 2 days.
I have some bad qualities when it comes to trading: excessive position sizing and difficulty in getting out of bad trades, but I'm holding on to this one. Futures pointing down on Spain downgrade.

Looks like it might go your way a little today.. we're seeing some selling here..
 
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