Description:
Neutral Calendar Spread, betting on a small move and sharp decrease in IV short term options following earnings on Monday.
Long Call Calendar Spread
Levels indicated by the triangle:
R/R: ~5:1
Positive R/R, stop loss levels built into position.
Intend to close before near term expiration.
*Stops based off underlying stock price, not mark to market loss
The Trade
BUY
11/19 232.5C
SELL
11/12 232.5C
Only invest what you are willing to lose
Break-evens and R/R vary on fill
Neutral Calendar Spread, betting on a small move and sharp decrease in IV short term options following earnings on Monday.
Long Call Calendar Spread
Levels indicated by the triangle:
- Max gain occurs at peak
- Break-evens at the ends
- Expiration on the right side
- 254.1, +9.8%
- 213.46, -7.8%
R/R: ~5:1
Positive R/R, stop loss levels built into position.
Intend to close before near term expiration.
*Stops based off underlying stock price, not mark to market loss
The Trade
BUY
11/19 232.5C
SELL
11/12 232.5C
Only invest what you are willing to lose
Break-evens and R/R vary on fill
Trade active:
New Trade
BUY
11/19 225C
SELL
11/12 225C
New Levels
The strike was moved to have a more neutral position based off today's moves.
R/R remains the same
Break-evens:
BUY
11/19 225C
SELL
11/12 225C
New Levels
The strike was moved to have a more neutral position based off today's moves.
R/R remains the same
Break-evens:
- 243.8, +8.4%
- 208.18, -7.5%
Comment:
Filled at 1.12
Trade active:
Earnings after hours.
Trade active:
Rolled these up 2 strikes to 230. Filled @ 1.02
New Trade
BUY
11/19 230C
SELL
11/12 230C
Break-evens
New Trade
BUY
11/19 230C
SELL
11/12 230C
Break-evens
- 252.31, +9.5%
- 210.45, -8.4%
Trade active:
Looking alright. about a 5% move AH.
Trade closed: stop reached:
Closed out @ .65, -36%.