thomberg1201 12:59 pm on Thursday, August 30, 2018
Tags: Earnings ( 3,108 ), lophir ( 35 ), ShortStrangles ( 716 )

#earnings #shortstrangles LULU sold Sept….

#earnings #shortstrangles LULU
sold Sept. 21, 115/155 for 2.12

smasty 1:54 pm on Thursday, August 30, 2018

Nice trade! I did a reverse #Lophir on the call side, with a break even of 150.29. I bought 50 shares after hours to extend my BE to 152.
MamaCash 3:58 pm on Thursday, August 30, 2018

I followed John Carter from Simpler Options selling an IC Aug31 127/-137/-137/147 for 7.83 credit. It appears that I will lose the $217 I risked.:-)
- Jeff 4:42 pm on Thursday, August 30, 2018
  
  Could very well pull back after the open… it’s pretty stretched. Gotta say a bit nutty for JC to do that with a stock so prone to big moves. But I like IB’s because R/R is very nice.
  
  I had an ask in all day to sell the 120/155 but didn’t get filled.
  - MamaCash 4:45 pm on Thursday, August 30, 2018
    
    LULU has only exceeded a $10 move after the report once in the last four quarters but that was the most recent quarter so I was worried. I figured I could live with a $218 loss but I don’t follow JC blindly. It was my own nutty decision.:-) I agree.
    - Jeff 7:27 am on Friday, August 31, 2018
      
      I have been horrible at deciding which JC trades to follow. That guy Tony who used to rant in the pre-market on Simpler, he said if you follow John, you gotta follow ALL the trades. Not sure if that would work, but I didn’t try.
      - thekidd76 8:02 am on Friday, August 31, 2018
        
        If you followed every trade for some longer period of time then yes I think it would work better. I personally couldn’t afford to follow all his trades, so picking and choosing I didn’t do so well either.
        
        MamaCash 8:30 am on Friday, August 31, 2018
        
        I learned a ton from JC. One is not to follow his trades. But to learning his system has been very valuable. His VP, Henry Gamble, who was once his tech assistant, is up over 200% in one of his accounts this year. He uses what JC taught him in his own way. I’m not a subscriber. Haven’t been for a long time. In general, I don’t like subscriptions.
        
        Jeff 10:16 am on Friday, August 31, 2018
        
        Henry’s a conservative trader but chooses his positions more carefully than John.

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