Trade Review – a look at VMware post-earnings

Here is the trade I put on for $VMW Earnings:

VMW_Oct_earnings

Here is a Breakdown:

  • I am short the November 80 Straddle
  • I am long the January 2014 80 Straddle
  • This was done for a debit of $2.85

Price is currently hovering near $86 in After Hours so let’s look at some choices for this trade:

1) Do nothing and let the gains consolidate. Buy back the Short Straddle for November when IV is much lower

2) Sell some January premium and use those proceeds to buy back the short November pieces

3) Just buy back the short November 80 Puts for now (I like this step at least for tomorrow)

4) Create a January 80/85 Call Spread and use proceeds to buy back the November short pieces

 

3 thoughts on “Trade Review – a look at VMware post-earnings

  1. I have not done anything with this trade yet. Price has given up the $85 level today and I want to see the drift continue. A Pin at $80 by November expiration would be ideal. 🙂

  2. Pingback: Earnings Positions update - 11/20/2013 | 1nvestor1nvestor

  3. Pingback: Earnings Trades update - 12/04/2013 | 1nvestor1nvestor

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