TWTR closing

#Earnings Based on pre-market I set my first order for 3 of my 9 options to close too cheaply.

Sold (3) $TWTR Feb 7th 33.5 calls for 3.50. Then a few minutes later sold (5) for 4.60. Only 1 left.

#LongStrangles bought for 3.05 yesterday.

TWTR earnings analysis & trade

#Earnings $TWTR reports tomorrow morning. Below are details on earnings one-day moves over the last 12 quarters.

Oct. 24, 2019 BO -20.80% Biggest DOWN
July 26, 2019 BO +8.91%
April 23, 2019 BO +15.64%
Feb. 7, 2019 BO -9.83%
Oct. 25, 2018 BO +15.46%
July 27, 2018 BO -20.54%
April 25, 2018 BO -2.36%
Feb. 8, 2018 BO +12.15%
Oct. 26, 2017 BO +18.49% Biggest UP
July 27, 2017 BO -14.12%
April 26, 2017 BO +7.91%
Feb. 9, 2017 BO -12.33%

Avg (+ or -) 13.21%
Bias -0.12%, no significant bias on earnings.

With stock at 33.25 the data suggests these ranges:
Based on current IV (expected move into Friday per TOS): 29.93 to 36.57
Based on AVERAGE one-day move over last 12 quarters: 28.86 to 37.64
Based on MAXIMUM one-day move over last 12 Q’s (20.8%): 26.33 to 40.17
Based on UP max only (+18.5%): 39.40

Open to requests for other symbols.

#longstrangles

RH earnings trade closed

#Earnings. Sold to close $RH Sept 13th 157.5 calls for 16.00. #LongStrangles bought for 14.833 (avg price) on Tuesday. Small profit this time, but even if first day is minor this one tends to follow through almost every quarter.

YELP closed

#Earnings Sold to close $YELP 34.5 calls for 3.00 average price. Got a couple sold for a small profit this morning, but made the mistake of waiting for it to go higher and it collapsed instead. These are usually winners, but pretty tough to manage. I think I need to try trailing stops.

#LongStrangles bought yesterday for 4.23. This loss and the UBER win cancel each other out.

Earnings closing

#Earnings Sold to close first $SKX July 19th 35 long calls for 4.80 and 5.20. #LongStrangles bought yesterday for 4.38.

Sold more $CSX stock for 72.30. Cost basis 71.34.

SKX strangle

#Earnings Bought to Open $SKX July 19th 34.5/35 #LongStrangles for 4.38.

From current price at 34.75, I need a 13.6% move. Avg move on earnings has been 16.5%.