Joyg

JOYG is down 15% now , but none of the June/Jule reverse calendars (calls or puts) making money yet

 

Well, I modeled it corectly with iv going to 55 opening BUT now it is rising again post earning . Un believable . Losing about 60 on the fly, but am trying to turn it into cal since the m1 vs m2 iv is still pronounced

 

yep , saw it at the open ( 55). I tryed to buy the strangle at this point betting on wild price action for rest of the day ( PC still to come at 11 am) , but was busy with other trades. At this point , I wish I DID.

 

So you'd buy the Jun 45p 50c combo fo about $4 and scalp stock by fading near those striKes thinking you could make $4 or more in scalps in 22 days?

 

yes , 45-50 , but price was around 3.50 ( and more puts to be neutral). Scalp and close all today( maybe by now)

 

The bot never got filled yesterday. It was working for $1.15 or $1.20 on the June 55 calendars IIRC, so it looks like that trade would have broken even. Forecast average SV for June is 44.7%, so still plenty of premium to sell here.

-segv

 

About 3 hours too late but here it is
crush!!
from 85 to 56 and dropping.

 

about time..But check out stock's price action, from 49 to 46 and back to 49 now , scalping paradise

 

"Closed" all positions at 48.70 , not bad.
Used 200 shares as a minimum unit.

 

Congrats on the good day . I do have a question. Why did you buy all those combos 36 on the put and 20 on the call and only scalp 200 sh. Were you just equalizing deltas on those extreme fade points? Hence the huge qty of calls/puts? Thanks