Jeff 11:47 am on Thursday, January 24, 2019
Tags: DoubleCalendar ( 209 ), Earnings ( 3,108 )

Double Calendars

#Earnings #DoubleCalendar

Bought $INTC Jan25/Feb01 50 double calendars for .54
Bought $ETFC Jan25/Feb01 50 double calendars for .52

Jeff 11:49 am on Thursday, January 24, 2019

Average moves:
INTC 4.7%
ETFC: 2.2%
- thomberg1201 12:11 pm on Thursday, January 24, 2019
  
  Followed on INTC, something new for me I think, thanks
  - Jeff 12:20 pm on Thursday, January 24, 2019
    
    When modeled on TOS, this has max profit around .65. So I’ll try to sell the whole thing for about 1.10 or so in the morning. It will only work if it doesn’t move much. ETFC and CL actually have better odds since their historic moves are less.
    - thomberg1201 12:37 pm on Thursday, January 24, 2019
      
      In on CL too.
- mortlightman 12:33 pm on Thursday, January 24, 2019
  
  Followed INTC .52
  - mortlightman 7:13 am on Friday, January 25, 2019
    
    This AM close Jan 25 short Call .01 rolled Jan 25 put to Feb 1 50.0 for .50 net cost at this time is .08 still holding Feb 1 5050 call. Not sure I did this correctly.
    - Jeff 7:20 am on Friday, January 25, 2019
      
      You can manage it however you want. I tend to just close the whole thing, take the loss if it didn’t work.
      - mortlightman 7:26 am on Friday, January 25, 2019
        
        do you wait until late in day to exit them? I may have closed CL to early.
        
        Jeff 7:28 am on Friday, January 25, 2019
        
        No, you did well… I won’t get as much as you did. It totally varies. $CL volatility is too low, so next Friday’s options don’t hold much value. The only way I can do better is wait for the close and hope for a near pin at 62. Probably will not be doing that.
        
        mortlightman 7:34 am on Friday, January 25, 2019
        
        Thx
        
        Jeff 12:36 pm on Friday, January 25, 2019
        
        Turns out waiting for CL would have been good move… but you still got a great fill this morning. If we pin at 62, looks like it would pay about 1.20-1.40.
MamaCash 12:18 pm on Thursday, January 24, 2019

Are you doing well with the DubCals?
- Jeff 12:21 pm on Thursday, January 24, 2019
  
  Last quarter was overall profitable. This quarter I am 0-1-1.

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