TGT earnings

#Earnings #PreEarnings Well, this was my only attempt since early October at long calls leading up to earnings. Aaaaand, face plant.

AZO bucking the trend

One of the few pre-ER stocks that’s staying strong thru this downturn.

Adding to TGT

#PreEarnings Added batch 2 out of possible 3. Looks like we may be done going down for the day. If I’m wrong, I’ll add batch 3 for less.

Bought $TGT Nov 23rd 89 calls for 1.75.

TGT pre-earnings

#PreEarnings Bought to Open $TGT Nov 23rd 89 calls for 1.62.

Got then from Mama’s chart… .40 delta, (close to) 14 days out from Nov 20th earnings date. 1st batch of up to three. Initial target: 2.70. Thanks @kathycon!

EOG closed

#Earnings Sold to close $EOG Nov2/Nov9 106 #DoubleCalendar for 2.80. Bought yesterday for 1.90.

In other EOG news, this was the last of my #PreEarnings trades, all of which failed. My long 125 calls are worthless. Plain & simply, these ain’t gonna work if a correction hits. My mistake was entering most of these trades AFTER a downside warning hit. Lesson learned!

The win on the calendar makes me breakeven on EOG, so it’s a sunny day.

SPX calls closed

#SPXcampaign BTC $SPX Oct 26th 2820/2845 call spreads for .45. Sold Friday for 7.10.

This profit covers a large part of my dying long #PreEarnings trades.

LMT pre-ER

Sold LMT pre-ER long calls @ 94% loss and BWB for 38% loss. Still holding double calendar thru earnings to reduce losses.