With the short put nearing worthless here, I'm closing it out for a .05 debit ($5). I received a .68 credit for the 54 short put ($68), so I realized a profit of .68 - .05 = .63 ($63)/contract on that side. Unfortunately, price is getting uncomfortably close to my short call side ... .
I'm going to go with a nondirectional bias here (pretty much always do). Here are the metrics for both a run of the mill one standard deviation short strangle, as well as an iron condor: April 8th 54/68.5 short strangle Probability of Profit: 70% Max Profit: 1.30/contract ($130) Buying Power Effect/Max Risk: ~$616/undefined Break Evens: 55.30/67.20 April 15...
Company Name: Takung Art Co., Ltd. Stock Symbol: TKAT Company Website: www.TakungArt.com Trading at approx $3.60 Per Share (03/29/2016) Several reasons I like this company. TKAT has a very attractive valuation, fast revenue growth rate, high profit margins and a truly innovative business model. Overall the company appears to be in a great position after...
LULU announces earnings on Wednesday before market open, so look to put on your setup before close on Tuesday. This is what I'm looking at tentatively right now: April 8th 53.5/68.5 short strangle Probability of Profit: 73% Max Profit: $124/contract Buying Power Effect/Max Risk: $616/undefined Notes: This is a tentative setup. Naturally, a lot depends on how...
Sorry I didn't get to post this before NY close ... . Filled for a $94 credit. I usually like to see a $100/contract out of these setups, but I figured it was close enough ... . I'm looking for price to stay between my short strikes between now and expiration and for volatility to contract post-earnings announcement. Post-announcement, price is down about $2...
Closing out at 50% max profit. Although price moved concerningly close to the short put, the collapse in volatility in the underlying gave the needed assist ... .
I had to fiddle a bit with the expiration and the strikes to get what I wanted, but the metrics are basically the same as outlined in the post below.. Got it filled for a 1.03 credit ($103/contract). Notes: Looking for NKE's implied volatility to contract post-earnings, as well as for price to stay between my short strikes.
Here are the metrics for the setup: Probability of Profit: 73% Max Profit: $100/contract Buying Power Effect/Risk: $846/contract; Undefined Risk Break Evens: 59/71 Alternative: April 15th 56.5/60/69/72.5 iron condor Probability of Profit: 61% Max Profit: $100/contract Buying Power Effect/Risk: $250/contract; Defined Risk Break Evens: 59/70 Notes: As you can...
Last week's reversal in $AAPL was following the completion of a bullish Crab just below the 100$ level. With earnings coming this week, $AAPL will try to continue higher towards Crab's target levels - 106$, 109$ and 114$ (major structure) Critical support zone - 97-98$ Try to use some pullbacks to try and find a better entry level Tomer, The MarketZone This...
I think the results will be better-than-expected for Activision/Blizzard, so I'm betting on the upside. Closing at maximum ratio.
Maybe that is too extreme, but it hopefully caught your attention: I put a short sale recommendation last summer and MSFT and it had an excellent down-move from that publication. Now MSFT has made another earnings announcement and it has made a new high, it's time to revisit and see what valuation looks like. Well, the valuation is a problem. The PSR or...
I found another possible play in addition to COST and that is in ANF, which announces on Tuesday before market open. The current implied volatility rank is 76, and its implied volatility is 97, so it would meet my general high implied volatility/high implied volatility rank standards for a premium selling play. Given the price of the underlying, I would probably...
BIDU announces earnings after tomorrow's close, so look to put a setup on in the waning hours of the NY sesh. Now that I've got the earnings date correct (they previously "tentatively" announced a 2/10 earnings release -- sooooo annoying), here's the metrics for the setup: BIDU Mar 4th 136/141/185/190 iron condor Probability of Profit: 70% Max Profit:...
For all practical purposes, this quarter's earnings season is all but over. However, there is one last play I might do and that is in COST, which announces earnings on Tuesday after market close. Currently, it's implied volatility rank is 58 and its implied volatility is 26. Generally speaking, I like to see the rank in the 70% percentile, and this isn't quite...
CRM announces earnings tomorrow after market close, so look to put on a play in the waning hours and minutes of the NY session to take advantage of any volatility crush that occurs post earnings announcement. Here's the setup, which naturally might have to be tweaked depending on how much CRM moves tomorrow intraday: March 4th 54/72 Short Strangle Probability of...
Going small here, given the fact that the solar space has been a bit of wild of late ... . Metrics: FSLR March 4th 51/54/70/73.5 Probability of Profit: 66% Max Profit: $71/contract Buying Power Effect: $229/contract Notes: Ordinarily, I pass on stuff that doesn't have at least a 1.00 credit in it. I could naturally go short strangle, but don't want to tie up...
Here's are next weeks earnings plays that I'm thinking of playing via options, assuming the implied volatility rank "stars" line up correctly ... : HD: announces on Tues 2/23 before market open.The rank is 55, the implied 32, neither of which is that great. If IV doesn't pop, I'll pass. FSLR: announces on Tues 2/23 after market close. With a rank of 72 and an...
FSLR announces earnings tomorrow after market close, so look to put on a play in the final hours of the NY session. Here's two setups, one of which is an undefined risk trade; the other, defined: FSLR March 4th 55.5/73.5 Probability of Profit: 74% Max Profit: $144 per contract Buying Power Effect: Undefined FSLR March 4th 53/56/72/75 Iron Condor Probability of...