Was wondering why you went with the 77s instead of, say, 79s. Call option volume spikes like the one yesterday have been usually been followed by flatish or downward price action for a week or more. The volatility curves for Aug 24 expiration are much higher than the other expirations. Epic crush on earnings day. Looking forward to seeing the results of your great trade idea.
Post your vol-trade here
- Thread starter destriero
- Start date
Was wondering why you went with the 77s instead of, say, 79s. Call option volume spikes like the one yesterday have been usually been followed by flatish or downward price action for a week or more. The volatility curves for Aug 24 expiration are much higher than the other expirations. Epic crush on earnings day. Looking forward to seeing the results of your great trade idea.
79 is above the current strike price. I went with 77 to give a small cushion because I also added some expectation that this will pull back after the pop leading into earnings.
Kohls KSS showing pre market right now at $76.50 after reporting.
Modelling the straddle it looks to open at about $4.00 - $4.50 as of right now but another 35 minutes to go until open. Will keep working the model based on where the stock price is as we get closer to open.
Modelling the straddle it looks to open at about $4.00 - $4.50 as of right now but another 35 minutes to go until open. Will keep working the model based on where the stock price is as we get closer to open.
Vols only came down towards 80% average at the open but got out with limit order at the open:
Sold straddle @ $6.60
Covered at the open @ $3.75
Net gain +$2.85
Klaiman does not approve. Straddles are non-directional.
Nor did I hold all the way through earnings until end of the day 
. Out 12 seconds after the open....
. Out 12 seconds after the open....I copied your idea but I did the Aug24 78.5 79 strangle. Sold at 6.1 It's now marked about 3.5 vs 76.55 (45 vol).
I think it benefited you have downside strikes that you could slide into.
I also sold the 72.5 85 strangle and that is looking better ($1.95 and it's marked at 43 cents).
Good find.
I think it benefited you have downside strikes that you could slide into.
I also sold the 72.5 85 strangle and that is looking better ($1.95 and it's marked at 43 cents).
Good find.
Not really 100% vol trade but using a scan for stocks with 1-2 day breakout movement potential (ok not huge breakout but movement either higher or lower) and buying outright options unless vols are inflated. Closed the following 2 overnight trades in AIG and CMCSA (Comcast).
These are not event trades (earnings) just a scan/filter with ToS I created and then visual chart analysis. I will try and post some in real time but these two were put on yesterday. (EDIT: must trade weekly options).
$960 gross for both.
These are not event trades (earnings) just a scan/filter with ToS I created and then visual chart analysis. I will try and post some in real time but these two were put on yesterday. (EDIT: must trade weekly options).
$960 gross for both.
Last edited:
Des, check out the NDX/QQQ 95%/97.5%/102.5% Sep 7th 231 P fly. The skew is very steep. The trade looks appetizing.
Only trade I found today so far on ROKU.
Bought 10 AUG24 $58.50 Puts @ $1.50. I would like to be out of this trade by Thursday morning (getting on a place).
Bought 10 AUG24 $58.50 Puts @ $1.50. I would like to be out of this trade by Thursday morning (getting on a place).