jefflsmith 4:26 am on Thursday, November 12, 2020
Tags: CoveredCalls ( 2,200 )

Wild ride over past 30 days…..definitely need to learn more about handling volatility around earnings

https://coveredcallswithjeff.wordpress.com/2020/11/12/ib-account-down-from-high-up-from-dip-over-past-30-days/

fuzzballl 8:36 am on Thursday, November 12, 2020

Here’s my basic earnings strategy using a list I’ve got of the same ones I use every quarter.

1. Once an earnings date is confirmed within about 30-40 days I wait for a dip in the stock.
2. When I get the dip I sell the WEEK BEFORE the announcement. This seems to work pretty good to capture some “quiet period” premium.
3. If that position gets some heat I can use the earnings week to take advantage of the higher premium for a roll or covered call sale.
4. If that pre earnings sale turns out OK then I’ll look for a new sale in the earnings week if I’m still interested. By waiting until closer to the announcement you can fine tune your strike a little better.
5. After the announcement there’s usually still a little juice left in the next couple weeks that can provide opportunity.
6. Continue with life. LOL
- jefflsmith 7:22 pm on Thursday, November 12, 2020
  
  Thanks for taking the time to write the comment. When you sell after the dip…what are you selling? Naked Put, BuPS, BuCS?
  - fuzzballl 8:25 pm on Thursday, November 12, 2020
    
    Typically it’s a naked put at levels and sizes that I wouldn’t mind owning the stock if needed.

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