NASDAQ:JD   JD.COM INC SPON ADS EACH REPR 2 ORD SHS CLASS A
Earnings coming up soon and I like JD overall. Low part of the range after a great 2017.

I went with a synthetic covered call, selling the Aug17 $39 put for $1.90 cr . This trade is around a 5% cash ROC within the next 35 days.

I'll go for 50% W or continue rolling this position out, collecting credit through time.
Trade active: Rolled out to the Sep21 $39 put for an add'l $.41 cr to reduce my basis and increase duration. Realized around -$100 on the roll, so we'll have to keep that in mind.
Trade active: Rolling out the $39 put again for add'l $.19 cr in Oct19 cycle.
Trade active: Trade is starting to look like a longer term hold, which is alright with me. The extrinsic in Oct19 cycle is disappearing quickly, so I had to roll this out to Dec21 cycle for add'l $.23 cr.

I am willing to hold long term, but I'd rather hold as short puts than shares (20% BPR vs 50% BPR), so I can continue to use capital else where. My overall basis across the accounts is $36.27.

I'm hesitant to sell naked calls against it right now (as I'm not put the shares yet), but it may be something I look into down the road.
Trade active: I was put stock, so selling the Nov cycle $27 calls against this position for $.56 cr.

~$31.05 basis right now.

Comments

how do u think jd after jd's finacial report
Reply
Benji mattNew
@mattNew, I like the company a lot long term. Even larger companies (which there are not many larger than JD) are buying into it.
Reply
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