If you want to know the absolute truth, I sold my puts early. You stated with such confidence that they would expire worthless. It is my fault. I do not blame you. I was trying to cook eggs for my family at 6:35 AM and could not change my order in time. You could have a little more humility.
To repeat: long stock + 110P - 120C = 110/120 bull spread and ITM. So yeah, you did it before the report so took a 600bp hit on event-vol. Marked at 114-115 at inception. You bought a 20D put prior to earnings, got paid, and instead of booking it you made breakfast?
I had to make breakfast for my children. I sold my puts Thursday morning and got my money back. I could have sold them later and made money. I don't know what a 20D is. To repeat: You could have a little more humility.
omg the drama! It's Dickensian! The puts traded ITM and I am at fault? lol fucking bill me. You were long the synthetic 10/20 call spread. If none of that makes sense or matters to you then stop what you're doing. The puts were five bucks OTM after earnings so yeah, not a high probability scenario. You bought them as prot and then let them die. You could have quoted XYZ 110P and the answer would have been the same.
20 D= 20 day... Cant second guess your timing...If I am reading this correctly,you sold the March puts within a point or so of the low? Calls are trading at .05..Position did its job,cant second guess yourself? Now what?