Actually, put this on Friday 8/28.
POT
Sold to open a OCT 75/115 strangle for $1.60.
Tackle Trading Halftime Report July 29th 2019
6 years ago
Monday, August 31, 2009
Wednesday, August 26, 2009
Today's Trades
GES
Sold a DEC 25/40 strangle for $2. They report tonight, IV is at a decent premium to HV so the close options are pretty juicy.
ENER
Bought a SEP 12.5 straddle, they report earnings tomorrow morning and the risk graph showed a close break-even so any movement should give a good return.
Sold a DEC 25/40 strangle for $2. They report tonight, IV is at a decent premium to HV so the close options are pretty juicy.
ENER
Bought a SEP 12.5 straddle, they report earnings tomorrow morning and the risk graph showed a close break-even so any movement should give a good return.
Tuesday, August 25, 2009
Today's Trades
SPLS
Didn't move enough, got out at a loss of 50 cents.
MYGN
Bought a SEP 25 straddle for $3.65, they report tonight and this one's been a mover post-earnings.
UPDATE: Sold the call Wed. morning for $3.90, holding the put and waiting for a refill.
DLTR
Bought a SEP 48 straddle for $3.70, another big mover post-earnings.
UPDATE: Sold the call Wed. morning for $2.70, I'm under water slightly on this one so I'll hold the put and hope it refills the gap as well.
Didn't move enough, got out at a loss of 50 cents.
MYGN
Bought a SEP 25 straddle for $3.65, they report tonight and this one's been a mover post-earnings.
UPDATE: Sold the call Wed. morning for $3.90, holding the put and waiting for a refill.
DLTR
Bought a SEP 48 straddle for $3.70, another big mover post-earnings.
UPDATE: Sold the call Wed. morning for $2.70, I'm under water slightly on this one so I'll hold the put and hope it refills the gap as well.
Monday, August 24, 2009
Today's Trades
AZO
Sold a SEP 140/165 strangle for $1.80.
OIH
Sold a SEP 95/125 strangle for $1.03.
SPLS
Bought a SEP 22.5 straddle for $2.25. They report earnings tomorrow.
MDT
Sold a AUG 36/40 strangle for $1.25, earnings come out tomorrow and IV should drop.
UPDATE:
Amazing! Strangle lost fifty cents in value at open, even though the stock price barely changed. Gotta love the IV crush!
Sold a SEP 140/165 strangle for $1.80.
OIH
Sold a SEP 95/125 strangle for $1.03.
SPLS
Bought a SEP 22.5 straddle for $2.25. They report earnings tomorrow.
MDT
Sold a AUG 36/40 strangle for $1.25, earnings come out tomorrow and IV should drop.
UPDATE:
Amazing! Strangle lost fifty cents in value at open, even though the stock price barely changed. Gotta love the IV crush!
Saturday, August 22, 2009
Finally!
So the two stocks I chose as long straddle candidates turned out to be the biggest movers of the day yesterday!
CRM netted me a 200% return, but I got trigger happy on ARO and got out way too early, only a 12% return. I had to leave my pc and didn't want to miss it so I sold. ARO spiked way up the rest of the day and would've probably given me the same return as CRM had I waited.
CRM netted me a 200% return, but I got trigger happy on ARO and got out way too early, only a 12% return. I had to leave my pc and didn't want to miss it so I sold. ARO spiked way up the rest of the day and would've probably given me the same return as CRM had I waited.
Friday, August 21, 2009
Thursday, August 20, 2009
Today's Trades
So my long straddles haven't really been working out too well, seems like the ones I pick don't move and the ones I sell strangles on move like crazy! Trying a couple more this week, we'll see what happens.
SHLD
Sold SEP 60/85 strangle for $2.40 yesterday, IV was pretty juiced with earnings reporting this morning. Looks like it will gap down about ten points at open today but will still be within the strikes.
UPDATE:Bought to close the 85 call for 20 cents, profit of 92 cents on the call side. The put is way up in value, I'll hold it for a day or two to see if it refills.
CRM
Bought a AUG 45 straddle for $3.45, this one is a pretty strong mover post earnings so maybe I'll get lucky this time.
SHLD
Sold SEP 60/85 strangle for $2.40 yesterday, IV was pretty juiced with earnings reporting this morning. Looks like it will gap down about ten points at open today but will still be within the strikes.
UPDATE:Bought to close the 85 call for 20 cents, profit of 92 cents on the call side. The put is way up in value, I'll hold it for a day or two to see if it refills.
CRM
Bought a AUG 45 straddle for $3.45, this one is a pretty strong mover post earnings so maybe I'll get lucky this time.
Wednesday, August 12, 2009
Today's Trades
DVA
Bought to close the AUG 45/55 straddle for 30 cents, profit of 70 cents. Trying to free up some bp to play some earnings long straddles.
NTES
Sold to open a AUG 42/48 strangle, $1.78 credit. IV is juicy on this one.
Bought to close the AUG 45/55 straddle for 30 cents, profit of 70 cents. Trying to free up some bp to play some earnings long straddles.
NTES
Sold to open a AUG 42/48 strangle, $1.78 credit. IV is juicy on this one.
Monday, August 10, 2009
Today's Trades
DNDN
Bought to open AUG 24 long straddle, $2.17 debit. Earnings come out tomorrow, stock has been pretty volatile since the spring when it gapped way up.
Bought to open AUG 24 long straddle, $2.17 debit. Earnings come out tomorrow, stock has been pretty volatile since the spring when it gapped way up.
Thursday, August 6, 2009
Better than Expected
All I'm sayin' is, if ETH earnings on Tuesday come in "better than expected", then someone over there in the finance department smokes crack. Who the h%ll has been refurnishing their homes over the last quarter? Besides bankers and Wall Street types, I mean.
Today's Trades
TBT
Bought to close the AUG 57 call for 35 cents. Needed to free up some bp to make TOS happy again.
Bought to close the AUG 57 call for 35 cents. Needed to free up some bp to make TOS happy again.
Wednesday, August 5, 2009
Love the Theta!
So I sold a GLD AUG 95 call on July 20 for $1.39. GLD was at $93.
Today GLD closed at $94.78, and the call is worth $1.35. (I'm long a Jan10 100 call)
Today GLD closed at $94.78, and the call is worth $1.35. (I'm long a Jan10 100 call)
Today's Trades
WFMI
Got my a&% handed to me on this one, bought back the call at open for $2.35, loss of $1.64 on the call side. The put credit softened the blow slightly to a total loss of $1.17.
Got my a&% handed to me on this one, bought back the call at open for $2.35, loss of $1.64 on the call side. The put credit softened the blow slightly to a total loss of $1.17.
Tuesday, August 4, 2009
Today's Trades
WFMI
Sold Sep 20/28 strangle this morning for $1.28 credit, IV was a little high yesterday since earnings are reported AMC today.
UPDATE:
Closed at 24.83. Gapped up almost 4 points after earnings were reported to just over 28, so it looks like a rapid exit on the put tomorrow morning. I may stay in the call for a day or two to see if it refills.
AIZ
Sold to close the JAN10 30 call that I've been sitting on since I was still at TK. Tired of looking at another dead option.
Sold Sep 20/28 strangle this morning for $1.28 credit, IV was a little high yesterday since earnings are reported AMC today.
UPDATE:
Closed at 24.83. Gapped up almost 4 points after earnings were reported to just over 28, so it looks like a rapid exit on the put tomorrow morning. I may stay in the call for a day or two to see if it refills.
AIZ
Sold to close the JAN10 30 call that I've been sitting on since I was still at TK. Tired of looking at another dead option.
Monday, August 3, 2009
Today's Trades
DIN
Bought back the Aug 25 put for $1.45, to close the Aug 25/40 strangle at a loss of 22 cents. It dropped for three straight days following earnings, and I stayed in the put too long. Was hoping for it to follow the rest of the market back up but no such luck.
TBT
Sold to close, Sep 55 call I've owned since I transferred it to TOS from OX in the spring. I was hoping the inflationary actions of all this new money would kick it up but it's back just above where it was when I bought it. Basically I was tired of looking at the same losing position for so long so I got rid of it, at a $1.80 loss. Would have been worse had I not sold front month calls against it for the last four months.
Bought back the Aug 25 put for $1.45, to close the Aug 25/40 strangle at a loss of 22 cents. It dropped for three straight days following earnings, and I stayed in the put too long. Was hoping for it to follow the rest of the market back up but no such luck.
TBT
Sold to close, Sep 55 call I've owned since I transferred it to TOS from OX in the spring. I was hoping the inflationary actions of all this new money would kick it up but it's back just above where it was when I bought it. Basically I was tired of looking at the same losing position for so long so I got rid of it, at a $1.80 loss. Would have been worse had I not sold front month calls against it for the last four months.
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