STO September 2018, 35 puts @.90
#Earnings today. Trading bottom of the range with 4.5% divvy down here…no position
EDIT…bad info. Divvy about 1.9 percent but decent premium
$KEM STO 12/15 25 puts @ 2.20
Taking the @jeff Into the light trade
$LITE STO 11/3 57/62 BUPS @ 1.60 Sounds like a Harry Potter command “Lumentum” meaning let there be profit.
$SPX BTC 11/1 251/2540 BUPS @ 92% profit Thank you @jeffcp66
$SPX BTC 11/8 2550/2525 BECS @ 22.50 STO 10/25 @ 20.30 Hearing footsteps on Halloween has spooked me.
#Earnings I’ve never traded this but it has juicy premiums, and upside bias on its short history of earnings (since Nov 2015). Using a spread for disaster protection.
Sold $LITE Nov 3rd 62/57 put spreads for 1.50. Biggest UP move: 14.1%, Biggest DOWN move: -3.7%, Average move: 6.1%. This trade is -3.2% OTM.
Let me throw this one out there for a possibility. This trade may have a name but I’m not sure…LOL Sell straddle and buy uneven wings with no upside risk and breakeven at the expected move to the downside.
Sell 80 strike straddle and buy 82 call and 75 put @ 2.00 credit. Makes money above 78 (the recent low). If the stock drops to 5 bucks I still get it at a basis of 8.