Thanks for mention of SYMC it slipped under my radar(less than $25), its expensive relative to past moves but one of my indicators are flashing a strong buy! I hope this works out for you
Most of those got filtered out of my screen because of the spreads and/or the lack of weekly options.
Nothing specific other than it was cheaper compared to historic open gap (I weigh Open gap move and EOD move since i close earlier in the day) and past expected move avg. My projected open gap $16.48 way lesser compared to my expected move of $26.47. FB was also less (not as much as TSLA), so YMMV.
Closed out SYMC for 1.45. Not a great fill, but it's a profit of 0.43 per spread. No other trades for me today.
Taking a hit on all 3 pos! Bery no move mck and itw closing gap. Will update on fills. Overall not a great day
hey guys, I have been busy with working on a database this week, only did 2 trades all week, I will most likely not be trading often until I am near close to finishing it. But I noticed an HD trade that looks pretty juicy. short Feb22/Mar1 calendar. Feb22 vol is 18% and Mar1 is 27.2% This puts the expected move at 4.3% which is extremely expensive. Current 185 short calendar is marked at $2.3. Here is the last 10 moves for HD. It hasn't even moved close to 4.3%. Vol will most likely come in before earnings -0.24% -0.54% -1.62% -0.14% 1.64% -2.65% 0.59% 1.41% -2.56% -0.61% -2.47%