CAT scratch fever

#PreEarnings It’s feverish of me to add to such a dog, but it actually lowers my cost basis to .567, which I think gives this a good shot at breaking even. Plus, it only costs me scratch.

Bought $CAT Oct 26th 165 calls for .06, adding to my position.

GPC pre-earnings

Pre-ER. Bot GPC Oct19 40 delta strangle 97c/94.5p @ 2.65 x1. GTC order to close @ 3.40 for 40% profit.


Pre-Earnings losses

This has not been my finest hour with pre-earnings trades. 100% loss in both C and JPM. Cutting max position size in half for the rest of October.



#PreEarnings Bought $AMZN 1890/1900 long call spreads for 3.20. AMZN dropped 300 points in 8 trading days. I think it can raise 110 from here in 14 days.

#VXXGame Sold $UVXY Jan 2019 95 call for 6.90.

Tools of the trade

#PreEarnings Added final batch to $SWK Oct 26th 140 calls for 1.65. I was early, much cheaper now.

Doubling Down

#PreEarnings Well, you gotta pick a bottom sometimes… actually, you don’t really, but I did. Doubling down on my two lowest priced long options trades. These report Oct 23 & 24, respectively.

Bought $CAT Oct 26th 165 calls for .29. Avg cost now .827 on a double sized position.

Bought $VALE Oct 26th 15.5 calls for .44. Avg cost .477 on a double size.

Pre-Earnings long call update

#PreEarnings Bought my last batch of $VFC Oct 26th 95 calls for 1.05. Avg price on full position, 1.20.

The remainder are all under water. Holding up best are $GPC And $VALE. $CAT and $MSFT hobbled.

$JPM not too bad… since I sold half, the position has only a small max loss… I may keep this second half past Friday morning earnings in case we get a gap open.