Earnings - NFLX, GOOGL, AAPL, MSFT, CMG, AMZN, FB

Discussion in 'Options' started by OTM-Options, Jul 14, 2015.

  1. samuel11

    samuel11

    :D:D Currently 122 AFTER earnings
     
    #11     Jul 21, 2015
  2. That was good advice. Last Tuesday when you posted that AAPL was at $125.00. Tonight it's at $121.00. Shorting 100,000 shares at 125 would now be worth $400,000 +/-

    It seems as though APPL "disappointed" Wall Street today. It didn't affect my /ES spreads all that much though. They are all still OTM.
     
    #12     Jul 21, 2015



  3. Re: That was good advice.

    Yes and no. It depends on the timing of entry and exit. When Autodidact posted AAPL was at $125.61, it then climbed to about $132.00. After earnings it dropped to $121.00 (I will use your quote, I didn't check the range) and opened today at $122.05, then closed at $125.14.

    As you can see there was potential for profit, loss or break-even if you were short or long AAPL during the last 5 trading days - it's all in the timing.



    :)
     
    #13     Jul 22, 2015
  4. Agreed, although I have never had much success in timing* stocks and options. Which is why I only trade credit spreads. My AAPL AUG 15 (30 days to Exp.) iron condor that I sold a few days ago is doing OK. I sold 10 110/105 Put spreads and 10 130/135 Call spreads last week (in advance of the earnings call) and, thus far, I am in the black on both positions. I expect to close one side or the other tomorrow depending on what happens overnight. Apple is trading at 125.74 in after hours trading (up .52) so I m prepared to close out the Put position and reestablish it with strikes closer to the ATM strike. I'll leave the Calls alone and wait and see. If that position goes into the money I'll roll up and reestablish the position.

    Best

    * Although not good art timing stocks, futures, and/or options I can get a B-777 from Washington Dulles to Tokyo Narita (a 14 hour flight) within 2-3 minutes of schedule. When it comes to options I stick to credit spreads with low (10 or less) deltas and 15 to 30 days to expiration. And let theta work her magic.
     
    #14     Jul 22, 2015
  5. Autodidact

    Autodidact

    No assumptions please.

    I did not say when or where, I just posted a directional bias.

    No details about risk, entry or targets, I just said SHORT.

    For what it's worth its going below 119, that's a no brainer.
     
    #15     Jul 24, 2015



  6. Going for a "second kick at the can" is a good idea. If at first you don't succeed, try, try again. Good luck.




    :)
     
    #16     Jul 24, 2015
  7. Autodidact

    Autodidact

    My call is 119 goes this year, yours?
     
    #17     Jul 24, 2015
  8. Autodidact

    Autodidact

    If no call, take mine :)
     
    #18     Jul 27, 2015
  9. AAPL's earnings have past. So I would like to move on to FB and TWTR.


    • Tuesday July 28 TWTR $40.00+ after earnings. (Considering the July 31 40.00 calls)
    • Wednesday July 29 FB $100.00+ after earnings. (Considering the July 31 100.00 calls)



    :)
     
    #19     Jul 27, 2015
  10. Peky

    Peky

    I did AMZN with 7.5 point spread and expiry on July 31. Both legs are ITM, but can't get the full spread value on the market. Can I expect to get the max profit without exercising? Should I wait for Friday to close? Should I close it earlier? Can't exercise it, and the owner of my short call hasn't exercise his option yet.
     
    Last edited by a moderator: Jul 28, 2015
    #20     Jul 28, 2015