Jeff 7:13 am on Friday, November 2, 2018
Tags: Earnings ( 3,108 )

SBUX explodes

#Earnings Today’s up move is its biggest since April 2009… even the intraday high is biggest since that date.

Guess I picked the wrong day to trade it neutrally.

Jeff 7:37 am on Friday, November 2, 2018

If the market dumps today, we gotta good shot at SBUX coming back into range of the 59 calendar.
- MamaCash 7:54 am on Friday, November 2, 2018
  
  I’m waiting with you. I see no reason to close it for .10 to .15 yet.:-)
  - Jeff 8:02 am on Friday, November 2, 2018
    
    If I do close it up here, I’m only closing the calls and short put. Leave the long put as a lottery ticket.
hcgdavis 9:00 am on Friday, November 2, 2018

I think I am done with earnings trades. Too much of a crap shot. 5 out of the last 8 all went the wrong way even with good numbers.

I will trade through earnings if I am already in a position but done with new positions for earnings.
- MamaCash 9:08 am on Friday, November 2, 2018
  
  I hear ya. I had a great winning streak but now I’m giving all my gains back. Reminds me a little too much of Vegas.:-)
  - Jeff 9:39 am on Friday, November 2, 2018
    
    The short strangles and condors have been good to me this quarter. But I’ve learned how to pick and choose much better after 5+ years doing this.
- fuzzballl 10:06 am on Friday, November 2, 2018
  
  I”m scaling back my earnings for awhile too. Overall green this quarter but not enough to make it worth the hassle I think…
  - thomberg1201 10:30 am on Friday, November 2, 2018
    
    Hey everyone, BKNG (Priceline) is next week, a short straddle brings in $14,700….
    - fuzzballl 10:34 am on Friday, November 2, 2018
      
      LOL…you never know. It’s a new week!