My option trades

Well, took a loss on MW, profit in PAY and ULTA reports tonight. I'm also getting into LULU.

26% of LULU shares are shorted. If guidance comes out even slightly better, I think I'm going to see some shorts burning. Still, I'm going to see if I can get into a spread here.
 
I took my own loss today. A Nov SPY put that just wasn't going to work. Now that I have made the move to exit the trade the market will probably crash. I too entered and exited the trade without consulting our forum tool, diaoptions.
 
Just checked, ULTA rocking above $104 +9 in AH, looking forward to LULU trade also going higher. I'll give PAY 1-2 more days as that seems to be the norm in PAY's post earning price action.

And today was not a good day for puts at all...except for PAY.
 
Quote from ryanpatrick:


And today was not a good day for puts at all....
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It certainly wasn't. Perhaps I should have said I sold the put rather than bought it like our forum tool would have done. ;)
 
Alright, this is one of those week of making the profits back after just closing out the LULU sep 22 2012 70 calls at $7 avg. Loss of -522.95 on MW puts, gains of 314.08 on PAY puts, gains of 481.15, and gains of 1221.15.

Sitting at $3,841.15 now. Sticking to earnings only trade here on out, I'm losing way too much chasing that poisonous apple.....lol.
 
Nothing last week, but there's FDX, BBBY, ORCL, and a few other names this week that should be interesting.

I'm taking 3 FDX 90 puts around $1.65 now. I think a drop from $89 to $84-$85 should be in play for earnings.
 
Quote from ryanpatrick:

Just checked, ULTA rocking above $104 +9 in AH, looking forward to LULU trade also going higher. I'll give PAY 1-2 more days as that seems to be the norm in PAY's post earning price action.

And today was not a good day for puts at all...except for PAY.
More...


brilliant call on LULU
 
Quote from iceman1:

brilliant call on LULU
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I wish it was that easy.....I was on my finger nails all the way. Actually froze in the morning because I wasn't sure what to make of LULU's action in the morning. It opened around $68 or so went to $67 before finally pushing to $77. I hate those kind of actions.

Out FDX at $3.20, easy 100% profit. Sorry, profit was +$439.10 on this trade.

I'm in 3 CBRL Sep 65 call at $0.85. Small position testing it. Previous 2 quarters had CBRL open higher, but it reversed last time around. CBRL sitting at 50-day ma is perfect for a set up today giving upside momentum better opportunity.
 
Looks like I'm going to nail this CBRL trade too....hopefully I can get out before the volatility kicks in as it seems to always do in CBRL shares after earnings are reported.
 
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