Earnings Next Week - The Four Horsemen

Sold-to-close 5 QQQ July 29 115.50 calls at $0.06
The FB 130.00 call will expire worthless.


Email order fill confirmation:

• Order B517874 Outstanding Quantity: 0
• 2016-07-29 10:27:24 ET SOLD 5 CALL QQQ 2016JUL29 115.50:US at $0.06 USD

 

Bought back the call leg of the short straddle for $0.50. I'll just let the put expire.

 

Nice trade, nice close!

I wouldn't have taken that trade, but good job.

 

I am impressed. Give me another trading angle to think about.

 

Guru,

I am very impressed with your read of the situation, especially the one about MM's expectation.

 

I expressed limited move with a butterfly; shorting strangles into earnings is not my style either. But nice job!

 

AMZN had the smallest move in probably 10 years, which proves how unpredictable earnings can be. They usually exceed the implied move - obviously not this time.

 

Wow, it actually managed to move in such a way as to screw up both bears and bulls. Markets never stop amusing me