Bot AMTD Jul27 58c @ .60 ydy, Sold @ .95
Bot BA Jul27 370c @ 3.45 ydy. Sold @ 4.70
Sometimes these trades are short lived. 40% GTC targets hit or exceeded.
More pre-earnings trades
Bot BA Jul27 370c @ 3.35. GTC order to sell @ 4.70 (40% profit target)
Bot TTWO Aug3 128c @ 4.80. GTC order to sell @ 6.72 (40% profit target)
EOG earnings momentum
Bot EOG Aug3 128c @ 1.49 x3 using a 16/1 custom setup. Will add more on pullbacks.
16/1 setup = Enter 16 days before earnings. Exit one day before earnings. Pick an option expiration that covers the earnings report date. Choose a long call with the delta that gives the best results based on historical data. Standard setups in CML are 3/1, 7/1, and 14/1. Standard delta is 40.
Many of my pre-ER trades hit exit date or closed for target profit while I was away.
INFY 5%, ABT 40%, ASML 40%, AMZN 40%, MSFT 40%, LMT 72% (3rd round).
Converted NFLX BUCS to IC yesterday and closed put side today for 20% profit on IC position.
Still trading CAT, CHKP, GOOGL, INTC, LMT, MA, SHOP, SPOT and WYNN. Added a layer of INTC and a new round of LMT today on the pullback.
Taking early pre-ER profits before I head out on a 4-day running trip with limited internet access.
EA. Sold Jul27 152.5c @ 3.10. Bot @ 2.45 average price. Still holding Jul27 157.5c at average price of 1.70.
GOOGL. Sold Jul27 1240/1260 cds @ 3.70. Bot @ 2.90
ISRG. Sold Jul20 490/505 cds @ 9.25. Bot @ 6.45. Still holding Jul20 535c @ 2.70.
MA. Sold Jul27 207.5c @ 2.52. Bot @ 1.47. Still holding MA Ju27 212.5c @ 1.11
This is a risky pre-ER trade because the stock has only been public since April 3. However, it showed strong momentum going into May earnings, is in a squeeze, and the Jul27 IV is already expanding.
Bot SPOT Jul27 BuCS 190/200 @ 2.70. Will place GTC order on Jul19 (7 days before ER) to close at 40% above the price at that time.