Addy 7:11 am on Thursday, July 5, 2018

MamaCash

LMT pre-earnings. What is your limit for closing 20 JUL 2018 LMT call? BOT at $1.90, Currently at 1.20

MamaCash 7:18 am on Thursday, July 5, 2018

I don’t close pre-ER trades for a loss when there is more than 7 days until the report. Instead, I add another layer to decrease net cost per contract. Bot a second layer of LMT Jul20 310c @ 1.30. When there is only 7 days remaining before the report, I will set a GTC order to close for 40% loss or gain. Trade small with these and layer in.
- Addy 7:27 am on Thursday, July 5, 2018
  
  Thank you Mama

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