MamaCash 8:40 am on Wednesday, July 25, 2018
Tags: PreEarnings ( 73 )

BABA pre-earnings

Sold BABA Aug3 192.5c @ 4.60. Bot @ 2 ydy.
Bot BABA Aug3 197.5c @ 2.07 using half of the profits for a third round of pre-ER. BABA is rivaling LMT for 1st place in terms of profits on this quarter’s pre-ER trades.
#preearnings

fuzzballl 8:47 am on Wednesday, July 25, 2018

You might get even more chances when the Earnings date is confirmed. I see an outside chance of it being the following week…
- MamaCash 9:02 am on Wednesday, July 25, 2018
  
  Good point. The company has not confirmed the date. Thanks for the reminder. I’ll play this carefully and keep taking profits as they come in rather than holding.
  - fuzzballl 9:05 am on Wednesday, July 25, 2018
    
    Good plan. If they confirm the date as the following week the premium in your week will collapse. I’ve been on the opposite side of that…short options in what I thought was a non-earnings week that became the earnings week overnight. Premium exploded and I was underwater.
    - MamaCash 9:12 am on Wednesday, July 25, 2018
      
      It’s interesting on BABA. There isn’t an expiration week with out-sized IV. All pretty much the same IV thru the end of August. That means the MMs don’t know when earnings will be announced.
mortlightman 9:22 am on Wednesday, July 25, 2018

BABA
BTO Aug 3 197.50 Call 2.13