Earnings journal

Isn't any news already priced into the market before the articles are even released? Other than pure curiousity and awareness I don't see much value in reading the news.

The signal is within the noise and the numbers speak for themselves. TheBigShort is very smart and analytically inclined and has a bunch of statistical tools at his disposal, and thats what one needs in his arsenal to trade earnings at least.

 

I'm a lil confused. Didn't you sell the 157.5 straddle? The short straddle was a winner correct?

 

I am reading his book "Volatility Trading" and its great. I'm now getting into PDE's and forumals and such like you. Its heavy but the more I look at it the more familiar.

Have you looked into jump-diffusion models to approach earnings?

 

$WBA June 53/52/48 Put Butterfly $0.40 credit

 

Numbers out on WBA. Stock jumping up on news. So far so good.

 

I don't want to jynx you here but CAG # are out. Your short straddle is looking like a damn good trade

 

I just went long delta in stock.
Long WBA @ 52.80

 

If you guys have time, jump into the WBA or CAG earnings call.

 

Closed position @ 53.90 Gain of 1.10

 

New to EliteTrader but been trading earnings for awhile now. Hope I can contribute somewhere. WBA short vol. seems to have worked well (chart below from marketchameleon). To date my bread and butter has been pre-earnings trades (long vol - calendars, staddles, ratios). Keep up the good work everyone.