Position Updates – 01/24/2014

Now that Earnings season is ramping up I am once again focusing more of my trading efforts in doing select Earnings trades (both pre & post Earnings). Here are the newly added positions that look to survive to the weekend:

      • $PDH I am short stock with a February 10/12.5 Bear Collar (see Blog post here for more details)
      • Earnings:
      • $EBAY Remaining piece: short the January 31 weekly 52.5 Puts
      • $URI I am short the February 80/75 Strangle (this was adjusted from 80/77.5). I have a cushion of $6.14
      • $SYNA I am short the February 60/55 Strangle. I have a cushion of $9.81 (some of this came from a long stock trade)
      • $KSU Remaining piece: I am short the February 110 Calls (with a $1 Stop on this). I have an Options Net of $5.485

Exits (including newly added this week that were closed already):

Submarine Basket:

No changes from last week

Earnings:

      • $LGF
      • $KKD
      • $ULTA
      • $EBAY I am short the January 31 weekly 52.5 Puts (pre-Earnings)
      • $URI I am short the February 80/75 Strangle (pre-Earnings, was adjusted today)
      • $SYNA I am short the February 60/55 Strangle (pre-Earnings)
      • $KSU I am short the February 110 Calls (post-Earnings, I made a few adjustments today to book profits)

Here is the Summary:

Positions_01242014

 

 

 

One thought on “Position Updates – 01/24/2014

  1. I failed to note that the Strategy on $XONE has changed from “neut” (neutral) back to Long as of 12/24 (a Buy Stop hit then). I give the “neut” rating to positions where I am short a Straddle or Strangle with no stock involved.

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