Neil , its not so simple as its looks... I will close WEBX position today (almost did) and will NOT reverse it to short combo to go for iv crash after the earnings. Maybe I will put a reverse calendar (depends what the FEB to MAR vols ratio will be tomorrow). PCLN didn't start the run yet (but it will)
hi IV_Trader - great work on the trades - i am wondering if you are delta neutral with this structure on WEBX or this position looks like (slightly) negative delta? - also if you are or were delta neutral, since you are long "cheap" gamma, would it make sense to see if there is a knee-jerk reaction on the earnings tomorrow and get out then, just before/as IV starts to fall, rather than close today? thx.
it was just a random screen shot , I did adjust delta later. Sometimes I do go long into the earnings , but not in this case ; I made very good on WEBX and will move on to others.
hi IV , you normally take positions with less than 10 days before option expiry and an EPS announcement within that 10 day time period . can i ask why in plcn and webx you decieded that greater than 10 days before exp was still a good trade ? cheers neil
trades i'm looking at for this month : CLHB PSTI CWTR MIK WIND GTI VTIV WFII JILL JUPM not had time to look at the vols' and volume info , but hopefully i can do some research this week .
go with volume filter first (average min 2k contracts a day) ; only a few tickers from your list will pass it.
LOL. But I actually took position (long combo) on CWTR , not bad volume and spread is 5/10 cents. You also missed some good volume stocks that reported after your post (MATK , MYOG , LIFC)