AAPL at $96.55. There is some pre-earnings FEAR in AAPL today. Down 0.81% with 30 minutes to market close. Can AAPL rally plus 10% after earnings? We will soon find out.
Bought a Jul29/Aug19 97.5 call calendar for a debit of $0.30 last week. I felt it was too cheap to pass by. I'm looking for...nothing.
I missed. I didn't expect up move to be that strong. My slightly bullish position: Long calendar 8/5-7/29 99C @ 0.16 My bearish (somewhat) 7/29 93P/92P/89.5P +1/-1/-1 @ 0.02 If AAPL comes back down, my calendar might be okay.
Sold-to-close 1 102.00 July 29 call at $2.11. Email order fill confirmation: Order B455609 Outstanding Quantity: 0 2016-07-27 09:32:03 ET SOLD 1 CALL AAPL 2016JUL29 102.00:US at $2.11 USD
FB at $122.89. Bought 1 FB July 29 130.00 call at $0.95. Email order fill confirmation: Order B476941 Outstanding Quantity: 0 2016-07-27 15:07:57 ET BOUGHT 1 CALL FB 2016JUL29 130.00:US at $0.95 USD
FB was strong after earnings but fizzled out today, I thought they were going to go to $135.00+ today. In lieu of AMZN and/or GOOGL calls I have decided to go with some QQQ calls. QQQ at $114.75 Bought 5 QQQ July 29 115.50 calls at $0.21 Email order fill confirmation: Order B501149 Outstanding Quantity: 0 2016-07-28 13:49:57 ET BOUGHT 5 CALL QQQ 2016JUL29 115.50:US at $0.21 USD EDIT: The FB July 29 130.00 call trade is still open.
Short GOOGL Jul29 740/805 strangle for $15.20 credit. I also have another slightly bearish position on GOOGL in the regular August expiry which is why my strangle is slightly skewed to the upside.
GOOGL after market went up $31+. I too thought GOOGL would go down after earning thinking this time would be the same as the last earning. So wrong, that is why I am not managing OPM.
My strangle should still be a winner at the open tomorrow if it opens at around $800. If the ES remains weak overnight, hopefully it'll open $780-$790. Either way, I'm looking to fade the open a la FB. I'm not too fussed either way. GOOGL is my second largest holding (behind BRK) in my boring buy-and-hold equity portfolio.