The secret to buying pre earnings straddles

TheBigShort said:
EL! Bloomberg's algo is estimating DDS earnings to be on AUG 23rd!!!! I'm selling aug 17 and buying the back month
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Is the Bloomberg’s algo that you are looking any different than what is on the Bloomberg website for free?

I will tend to check the Bloomberg website, Zach’s and earningswhisper and try to see what the consensus is. If I not confident I will go an extra week out
 
EvanDM said:
Is the Bloomberg’s algo that you are looking any different than what is on the Bloomberg website for free?

I will tend to check the Bloomberg website, Zach’s and earningswhisper and try to see what the consensus is. If I not confident I will go an extra week out
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I do not check their website. DDS see if it's there.
 
Beautiful. I wish you got in the trade today. The calendar went bid into the close. If no conformation Monday pre market, hop on the train
 
I wish there was a better way to source the data and keep track of it. Optionslam.com has a lot of info but you have to take $1000 class and then pay $100 a quarter for the data. His basic strategy is buying buying calendars around 45 days in advance. With the front strikes in front of the earnings and the back after the announcement. Of course with 45 days in advance you risk that the day will change.

I have been keeping a spreadsheet and subscribe to the investor relations emails to stay on top of it. You can actually email in the IR department of some companies to try to feel them out on an announcement.
 
Why 45 days though...just do scan for skew daily and you will find the stocks reporting i the short term and can still put the calendar on for a week trade.
 
El OchoCinco said:
Why 45 days though...just do scan for skew daily and you will find the stocks reporting i the short term and can still put the calendar on for a week trade.
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I am not exactly sure why but some his plays are estimating the date before the company releases it...basically trying to get ahead of the vol ramp and financing it by selling the week before earnings to take advantage of the crush since it is still unknown.
 
EvanDM said:
I wish there was a better way to source the data and keep track of it. Optionslam.com has a lot of info but you have to take $1000 class and then pay $100 a quarter for the data. His basic strategy is buying buying calendars around 45 days in advance. With the front strikes in front of the earnings and the back after the announcement. Of course with 45 days in advance you risk that the day will change.

I have been keeping a spreadsheet and subscribe to the investor relations emails to stay on top of it. You can actually email in the IR department of some companies to try to feel them out on an announcement.
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45 days out seem un reasonable.good on you for being interrested and building your own data set. 29$ a month is not asking alot for 50 past earnings data on some companies
 
TheBigShort said:
45 days out seem un reasonable.good on you for being interrested and building your own data set. 29$ a month is not asking alot for 50 past earnings data on some companies
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I already asked if I could pay for just access to the data that they release. It is only for students who take his class.
 
TheBigShort said:
Many of you are looking to buy the IV ramp into earnings. There is only 1 successful trader I know who can do this on a consistant basis. @Kim Klaiman.

I am dedicated to starting a trading competition with anyone who can successfully buy the IV ramp. My only strategy will be SELLING the IV ramp. I think something like this could bring alot of insight to many of you (including myself). I highly recommend people like @Kim Klaiman who are successful with this strategy to take 5 minutes out of thier day to post a trade.

We can go over details in a PM if you are interrested.
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The best time to buy a straddle to catch the ramp before earnings is right after an earnings call in anticipation of the next earnings call. Be sure to buy enough time to capture the next earnings date. No reason to over think it.
 
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