Earnings Trades update – 12/04/2013

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
  • $TSLA I am short the December 6 weekly 140 Puts. This trade has a -$1.00 Option cushion (this trade greatly improved this week so I may not need to adjust to a future expiration at all, may just close if it can stay OTM)
  • $WDAY I am short the December 80/65 Strangle
  • $CBRL I am short the December 120/105 Strangle now. The long 115 Calls were sold last week thus creating a short Strangle (the 105 Puts just have too much Open Interest, price wants to go there – but I obviously want that level to hold, why I picked that strike)
  • $BLOX I am short the December 35 Puts. I have been hedging with short stock (several trades) to build the cushion on the trade (currently $6.7 booked, current short stock entry is at $31.20 on 12/3 so there is more $ available to add to cushion)

Newly added Earnings trades this week:

  • $KKD I am short the December 25/23 Strangle. The Options cushions is $2.25
  • $OVTI I am long stock at $14 (1/2 size)

Exited this week:

$DLTR