rknight52 12:23 pm on Wednesday, January 18, 2017

$NFLX earnings iron condor

STO Jan 20 147/144/121/118 @ 1.22

fuzzballl 12:25 pm on Wednesday, January 18, 2017

JC selling put spreads and iron flies.
- fuzzballl 12:29 pm on Wednesday, January 18, 2017
  
  Sold 124/132/140 @ 6.80. Risk 120 to make 680. JC selling 5 wide and looking at 10. I’m changing it a little. He says anything is good…play with the strikes.
  - fuzzballl 12:32 pm on Wednesday, January 18, 2017
    
    Changed his mind and getting really bullish. Selling only half as many short calls as long calls on upside of flies
    - Bobbie 12:34 pm on Wednesday, January 18, 2017
      
      thanks Fuzzy!
      - fuzzballl 12:38 pm on Wednesday, January 18, 2017
        
        Kinda fun to watch how these guys think. He says he has no edge and anything can happen. Might be even more fun to watch him manage an implosion…LOL
        
        fuzzballl 12:39 pm on Wednesday, January 18, 2017
        
        He’s placing orders to buy stock on pullback after hours.
rknight52 12:47 pm on Wednesday, January 18, 2017

So many possibilities and all are just guesses. Nobody knows!
So, as tempting as it is to put on your butterfly or some other spreads, I’ll just stick with my rather conservative “guess” with the IC already on.
Thanks for your input, @fuzzballl, but “guess” I’ll just watch the rest of it. When I’m greedy, the market is still greedier and I usually lose.
- fuzzballl 12:50 pm on Wednesday, January 18, 2017
  
  Absolutely! All just a guess. Nobody knows anything. Just manage risk and have a plan.
  - fuzzballl 12:51 pm on Wednesday, January 18, 2017
    
    Earnings trades scratch my itch and keep me out of Vegas…LOL
    - rknight52 12:54 pm on Wednesday, January 18, 2017
      
      For sure! Love the challenges and fun of earnings trades. 🙂
rknight52 1:11 pm on Wednesday, January 18, 2017

$NFLX crushed it and up 8-9% afterhours. Will have to see where it settles in tomorrow.
- fuzzballl 1:14 pm on Wednesday, January 18, 2017
  
  How about unchanged tomorrow…LOL Off to Mizzou for dinner with the daughter. Be here in the morning.
  - rknight52 1:15 pm on Wednesday, January 18, 2017
    
    Would be nice. Sometimes things fly around afterhours and return to normal during regular business. We can hope!

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