prvtrader 8:16 am on Wednesday, June 1, 2016

AMBA Double Calendar for tonight earnings.

BTO double calendar consisting of Jun 3 – Jun 10 38 Put and 43 Calls for $0.60 pp.

thomberg1201 8:33 am on Wednesday, June 1, 2016

Can you explain these creative trades, I’m unable to duplicate them.
Thank you
- prvtrader 9:13 am on Wednesday, June 1, 2016
  
  these are double calendars. A Calendar is a debit trade. The maximum loss is your debit.
  I buy a Put or a Call in the second of third week and sell the same strike and type in the front week, normally the day of the earnings. I pick the strikes based on the expected move.
  The position makes money if the stock doesn’t move past the expected move; if it exceed the expected move your loss is small normally less that $60 per position.
  These type trades can make up to $250 pp if the stock pins in one of the strikes.
  - thomberg1201 9:30 am on Wednesday, June 1, 2016
    
    Now I get it-thank you
  - Jeff 10:10 am on Wednesday, June 1, 2016
    
    Robert (and everyone, the best way to enter these so every one understands:
    
    AMBA Double Calendar:
    Sold to Open AMBA June 3rd 38 put and 43 call for XX
    Bought to Open AMBA June 10th 38 put and 43 call for XX
    Total of .60 debit for the whole trade.
  - thomberg1201 11:04 am on Wednesday, June 1, 2016
    
    I followed, low risk trade.
    I want AMBA to rocket higher as I’m still drowning in BuPS gone bad some time ago, but in the meantime, I like this unique trade.
Jeff 12:21 pm on Wednesday, June 1, 2016

FYI, AMBA earnings are tomorrow AFTER the bell (June 2).