MamaCash 7:17 am on Tuesday, July 17, 2018
Tags: EarningsRunUp ( 30 ), SPXchampagne ( 3 ), supercharger ( 160 )

INTC LMT SPX

Pre-ER. Bot INTC Jul27 53c @ .66
Pre-ER. Bot LMT Jul27 330c @ 1.85
Bot SPX Jul20/23 2815 call calendar @ 1.35
Bot SPX Jul20/23 275 put calendar @ 1.40

#earningsrunup
#spxchampagne

mortlightman 7:37 am on Tuesday, July 17, 2018

BTO LMT Jul 27 332.50 Call 1.00
Thx, I hope add on
- MamaCash 7:38 am on Tuesday, July 17, 2018
  
  I hope too.:-)
  - mortlightman 7:51 am on Tuesday, July 17, 2018
    
    Sitting on a #supercharger Jul 20 310/312.5 have 1.32 into it after 2 adj BTO 7/3
    Thx to u
Jeff 7:42 am on Tuesday, July 17, 2018

Followed you $LMT trade for 1.40. I got almost 7.00 in profit on this one, so even a full loss would be acceptable! This one is a longer shot I think, but still 8 trading days to get there.
- MamaCash 7:46 am on Tuesday, July 17, 2018
  
  The LMT backtest looks good for an entry 7 days before earnings (today) with an exit the day before (Jul 23).
  http://tm.cmlviz.com/index.php?share_key=20180717144337_aeYiEih0iIeTsZWa
  - Jeff 7:53 am on Tuesday, July 17, 2018
    
    Yes, but I wonder if the chances are the same after this much of a run up already. Stock bottomed at 291 on 6/28, so we’ve already had a 10% run. I do like, however, that we are still far below its YTD highs.
    - MamaCash 8:17 am on Tuesday, July 17, 2018
      
      @jeffcp66, I agree that the chances are decreased when a stock has had a huge runup before the 7-days-before-earnings entry. We should go small and light on this round. This is round 4 for me so I’m only risking a small percentage of profit.
      - fuzzballl 8:20 am on Tuesday, July 17, 2018
        
        So you can set up that cmlviz site for different points of entry on the same stock? Like maybe 14 days then 10 days and then 7 days?
        
        MamaCash 8:23 am on Tuesday, July 17, 2018
        
        Absolutely. I customize all my studies to find the best entry points or to determine whether multiple rounds make sense.
        
        fuzzballl 8:24 am on Tuesday, July 17, 2018
        
        Thanks…I just went back and reviewed the LMT posts. Very nice in spite of the curve ball they threw with the date change.
- fuzzballl 7:54 am on Tuesday, July 17, 2018
  
  That link you posted….I don’t see it anymore….looked like buying 10 days prior I think. Is that right? 3 days ago the Jul 27 330.0 call was as low as 65 cents. Have we missed the run?
  - Jeff 7:56 am on Tuesday, July 17, 2018
    
    We didn’t miss it, we caught it! But because these options expire AFTER earnings, even a small move up from here will mean profit.
    - fuzzballl 7:59 am on Tuesday, July 17, 2018
      
      Mama had a link to the site she uses posted for a couple minutes. Running an $89 month special right now. Looks like earnings season would easily cover a year. The link I think went to LMT 10 days out. we’re at 7 now so that’s why I was wondering.
      - fuzzballl 8:01 am on Tuesday, July 17, 2018
        
        Here’s the chart on the call. Very interesting…
      - MamaCash 8:10 am on Tuesday, July 17, 2018
        
        The option goes out 10 days to expiration because that’s as close as we can get and still be in the day before the earnings. The trade is based on entering 7 days before earnings. If you’re not a member of CML, you can’t see all the settings for the study. If you are a member, you can look under Custom Earnings to see how I set up the study.
    - fuzzballl 8:07 am on Tuesday, July 17, 2018
      
      Jeff…I see now…I went back and looked. You guys have been in it for awhile so a very nice move. I was more wondering about the entry today. Looks like it may be more directional and less volatility expansion?
      - MamaCash 8:10 am on Tuesday, July 17, 2018
        
        It’s both at this point.
        
        fuzzballl 8:12 am on Tuesday, July 17, 2018
        
        Thanks Mama!
        
        fuzzballl 8:38 am on Tuesday, July 17, 2018
        
        I’ll take a shot for fun….
        
        Bought the 327.5 @ 1.90
        
        MamaCash 8:40 am on Tuesday, July 17, 2018
        
        You caught it on a nice pullback. I liked to start with a small layer and buy on pullbacks when the opportunity presents itself.
        
        fuzzballl 8:42 am on Tuesday, July 17, 2018
        
        My layer is one…LOL. I’m all in! Looking at it as more of a tuition payment to Mama U.
        
        MamaCash 8:47 am on Tuesday, July 17, 2018
        
        Oh dear… fingers crossed and then crossed again. lol.

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