IBM

#postearningscalp
BTO 1/22 1/29 weekly 118 call calendar 1.32, target 20% and then 40%, exit by 1 pm

break even range 116-120.

This type of trade is to take advantage of the faster decay of the front week, and the IV contraction after earning. I typically set alerts on the break even prices, and let the exit orders to do their work. One could also set mental stops on the option price.

Given it’s Friday, lowered the target to 20 and 40%

NFLX #PostEarningScalp STC 1/22-29 570…

NFLX #PostEarningScalp
STC 1/22-29 570 calendar @7, bought for 4.8. 45% profit in a day

NFLX #postearningsScalp BTO 1/22-29 570…

NFLX #postearningScalp
BTO 1/22-29 570 calendar @4.8
1.8 net theta, 12% IV Skew. Breakeven zone 550-590. Risk/Reward 1.5 at expiration, but just looking for 20-50% on exits.