Busted earnings trades

#Earnings Well, this quarter has been quite dismal for #IronButterflies and #IronCondors. I’m taking losses on FOUR this week. Naked options or one-sided credit spreads, meanwhile, have all been winners. Even though these losses are small (by design), I’ll have to rethink this strategy; although one win can make up for several losses, it doesn’t matter much if no wins are to be had!

BTC ANTM Feb 3rd 155 calls for 4.20. Sold as part of IB for 3.75
BTC MRK Feb 3rd 62 calls for 1.97. Sold as part of IB for 1.19.

Also looking at max losses on AAPL (.66) and AMZN (3.90).