Earnings Trades update

The Earnings season is winding down so it will be more work to find quality setups (good Options volume, strikes, etc). Nonetheless I have added several new trades this week. I like to choose stocks that have Weekly Options but so far a mix this week.  New trades that are still on:

  • $AZO I am short the March 550/530 Strangle
  • $SCTY I am short the March 07w/14w 82/80 Diagonal Put Calendar (I am long the 07 weekly 82 Puts, short next week 80 Puts) SCTY_trade
  • $NAV I am short the March 07w 38.5/38 Strangle. I am Short stock at $38 as a hedge
  • $PETM I am short the March 67.5/65 Strangle

Existing:

  • $EL I am Long the March 67.5/70 CS & 67.5/65 PS
  • $FLT I am Short the 120/125 CS & 115 Puts
  • $CONN I am Long stock (2/3), Short March 35 Calls (2/3 size) & March 35 Puts (1/3 size)
  • $SINA I am Long the March 07w/March 80/82.5 Diagonal Call Calendar (doesn’t look promising)

Options Net on the Earnings basket:

+$36.18