Earnings Trades update – 02/04/2014

Now that we are full swing into Earnings season I try to journal more on where existing Earnings trades stand and/or any exits that occur during the week. Here is a Summary:

  • I remain Long $LGF
  • The long stock position hit a Stop today at 16.25 on $KKD
  • I remain Short the February 85 Straddle in $ULTA (1/2 size each). I have a cushion of $18.53
  • I remain Short the February 80/75 Strangle in $URI with a cushion of $6.14 & a Sell Short Stop at $75
  • I remain Short the February 60/55 Strangle in $SYNA with a cushion of $9.81
  • I remain Short the February 26/23 Strangle in $X with a cushion of $1.20
  • I remain Short the February 95/90 Strangle in $ASH with a cushion of $5
  • I┬ástarted with a February 60/65/50 Risk Reversal Call Spread in $ALGN (this cost $.81) and currently I am short the February 65/50 Strangle (the 60 Calls were sold already). I now have a cushion of $.50
  • I started with a February 20/21/17 Risk Reversal Call Spread in $TTWO and currently I am short the February 21/17 Strangle with a cushion of $1.60 (the 20 Calls were sold already). Some of the cushion is from stock hedging
  • I am Short the February 67.5 Straddle & Long the same for March (this cost $.19) on $EL (Earnings on 2/5)
  • I am own the February 82/83/74.5 Risk Reversal Call Spread for $GILD with a $.01 cushion (lol)

All trades above – except for $EL – the company has already released Earnings.

 

5 thoughts on “Earnings Trades update – 02/04/2014

  1. $EL has continued to hang out near the $66 level after Earnings. $GILD dipped after the Earnings report but has been trying to claw its way back today. It is likely that this trade nets me nothing unless it can really get above $81 by Friday.

  2. Correction: the $GILD trade is using the Weekly Options so I left off the “07 Weekly” part above.

  3. I adjust $ULTA today: moved S Call strike up to $90 for February. This lowered the Options Net to $16.03

  4. $URI exit on 2/7 (due to Calls being assigned, went ahead and closed the short Puts too). overall gain of $5.64

Leave a Reply

Your email address will not be published.