Earnings Positions update – 11/20/2013

A quick review of existing Earnings trades coming in to this week:

  • $VMW I am short the December 80 Straddle, Long the same for January. The original trade was entered on 10/21 (I wrote about the trade here). This trade has a +$1.00 Option cushion
  • $LGF I am long stock and short the December 33 Puts. This trade has a $1.20 Option cushion
  • $AAPL I am short the November 29 weekly 550/500 Strangle (left over pieces from original trade on 10/28). This trade has a -$2.50 Option cushion
  • $TSLA I am short the December 6 weekly 140 Puts. This trade has a -$1.00 Option cushion
  • $SINA I am short the November 22 weekly 80 Calls. This trade has a +$3.45 Option cushion

Newly added Earnings trades this week:

  • $CRM I am short the November 22 weekly 56 Straddle, Long the same for November 29 weekly. This trade has a -$.29 Option cushion (but +2.32 on stock hedge trades done post-earnings)
  • $HD I am short the November 22 weekly 81/78 Strangle. This trade has a +$1.37 Option cushion
  • $JCP I am long stock at 8.75, long the November 22 weekly 8.5 Puts, and short the November 29 weekly 8.5 Straddle. This trade has a +$.87 Option cushion

 

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